Tortoise Senior Portfolio Manager Quinn Kiley in Business Insider


Commodity prices look set to keep soaring on Russia’s invasion of Ukraine, with a ‘long-building train wreck’ in the natural gas market

Russia’s standing as a top global producer of natural resources has propelled commodity prices sharply higher since its invasion of Ukraine, and analysts see little chance of a near-term slowdown.

In fact, commodity prices have seen their strongest start to any year since 1915, said Bank of America. In the past week alone, European natural gas more than doubled, wheat soared 40%, and oil prices surged over 20% as Western sanctions against Moscow took hold and traders turned skittish about doing business with Russian companies.

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