Commodities Soar as War Builds Anxiety Over Supply Shortages
- Russia’s isolation chokes supply of energy, metals and crops
- International agency warns that energy security is threatened
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Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches.
Prices from crude and nickel to aluminum and wheat soared, as raw materials stage their most stunning weekly surge since 1974, during the days of the oil crisis.