After Russia's invasion of Ukraine in 2018, commodity prices have reset. GLD ETF is at record highs. In Feb 2022, DBC rallied 15.1%, outperforming SPY by 65% from Dec 2021-Jun 2022. Oil spiked to $130/barrel. Energy panic of 2022 is now over.

Three and a half years after Russia's invasion of Ukraine shook global markets, commodity prices have mostly stabilized. In late February 2022, as the war began, prices for goods like oil and wheat surged. The Invesco DB Commodity Index Tracking Fund (NYSE: DBC) spiked by 15.1% in a week, its biggest move since inception in 2006. Between December 2021 and June 2022, DBC outperformed the U.S. stock market each month, with a 65% lead. The post-pandemic global economy, with soaring demand, stimulus, and limited supply, saw prices climb further due to the war in Ukraine. However, high commodity prices often self-correct. For instance, crude oil hit $130 per barrel in March 2022 but has since eased. The full article can be viewed on Benzinga.com.