‘We’re Out of Everything’: Commodity Prices Soar in Wake of Ukraine–Russia Conflict

‘We’re Out of Everything’: Commodity Prices Soar in Wake of Ukraine–Russia Conflict
Barley crop is being harvested on the property in central-west New South Wales. Greg Wood/AFP via Getty Images
Andrew Moran
Updated:

From gold to wheat to crude oil, it has been a wild ride for the commodities sector, with prices climbing higher amid the Russia–Ukraine military conflict.

A blend of tight supplies, interruption in global trade flows, lackluster production, and strengthening demand have contributed to the tremendous rally in a broad array of agricultural, energy, and metal commodities.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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