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Coal, oil surge as Ukraine war disrupts commodities trading

WTI crude passes $114 a barrel

Russia accounts for 15% of coal exports globally.   © Reuters

TOKYO -- The price of key commodities including coal and oil continued to surge on Thursday as the war in Ukraine caused increasing disruption and energy users hunted for alternatives to supplies from Russia.

Thermal coal, as measured by the benchmark Newcastle coal price, sits at a record high, having more than doubled since before the assault on Ukraine and risen 46% in a single day on Wednesday. 

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