Commodities increased their huge rally in this way Russiaattack of Ukraine The volatility in global markets continues and fears of a supply crunch are being allayed. Prices from Crude and Nickel to Aluminum and Wheat As Raw Materials Soared, Their Most Amazing Weekly Forums wave Since 1974, during the days of the oil crisis.
Russia’s growing isolation is shutting down a major source of energy, metals and crops, raising fears of prolonged shortages and accelerating global inflation. Merchants, banks and shipowners are avoiding doing business with Russia because of difficulties in securing payments, while shipping lines shy away from bookings from the region.
WTI oil jumped 5.7% on Friday before traders assessed the severity of the nuclear plant attack. Prices are still up about 22% this week.