Commodities Hit July Storm With Putin and Powell Stirring Fear

(Bloomberg) — Commodities are careering into a second half that promises as much turmoil as the first, with the world facing an escalating energy crisis, copper plunging on Fed-fueled recession fears, and Russian President Vladimir Putin delivering a shock for Shell Plc.

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Russia’s move to reshuffle ownership of the Sakhalin-2 gas plant spells trouble for Shell’s plan to offload its stake. An analyst in Japan warned it “could even trigger a panic” in liquified…

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