Coal, Gas Lead 2022 Commodities Rally; Recession Clouds New Year

Coal, Gas Lead 2022 Commodities Rally; Recession Clouds New Year
A stacker/reclaimer places coal in stockpiles at the coal port in Newcastle on June 6, 2012. Daniel Munoz/Reuters
Reuters
Updated:

SINGAPORE—Coal and natural gas markets ended 2022 with strong gains on Friday after a global energy crisis triggered by the Russia-Ukraine war stoked prices, and tighter supplies expected in 2023 could fuel more gains.

Industrial metals, iron ore and rubber finished in negative territory, pushed down in 2022 by China’s strict zero-COVID policy and fears of a world recession.