Ukraine Crisis Sparks Supply Panic Across Commodity Markets

All commodities soared on Thursday after Russia invaded Ukraine earlier in the day amid market fears of supply shortages of anything from crude and natural gas to wheat and aluminum. Crude oil prices soared to $105 per barrel in the early hours on Thursday, after Russian President Vladimir Putin announced a “special military operation” in Ukraine. Oil exceeded the $100 a barrel mark for the first time since July 2014.   Natural gas in Europe, whose major gas supplier is Russia, skyrocketed at opening over fears that supply…