Oil and Key Grains Jump After Russian Rockets Hit Poland
- AP reports Russian missiles crossed into Poland, killing 2
- Corn, wheat jump as concerns about grain-export deal mount
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Commodities from oil to corn jumped following media reports of Russian missiles crossing into Poland, as the potential for a widening conflict jolted the market out of slowdown-related concerns.
West Texas Intermediate futures climbed as much as 3.3% following a quick succession of reports signaling Russia’s offensive in Ukraine may be spilling across borders. Futures pared gains to settle near $87 a barrel.