Oil prices surge on Ukraine war as Exxon plans Russia exit

Wheat prices hit 10-year high as conflict threatens global supply

20220302 wheat and oil

Oil and Wheat prices are surging as the crisis in Ukraine deepens. (Source photo by Reuters)

FRANCESCA REGALADO, Nikkei staff writer

TOKYO -- Oil prices are surging despite an overnight agreement by members of the International Energy Agency to release 60 million barrels of reserves, as the crisis in Ukraine deepens.

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