# The Commodities Feed: USD provides a boost to the complex | snaps | ING THINK

> Brent settled about 5.5% higher, its biggest daily gain since March, as risk-on sentiment and tapering doubts weakened the dollar. Zero COVID-19 cases in China and a Pemex platform fire that shut 125 wells also supported prices. The U.S. Department of Energy also announced a sale of up to 20 million barrels from its strategic reserve.

- Date: 2021-08-24 · published 2021-08-24T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12116-the-commodities-feed-usd-provides-a-boost-to-the-complex-snaps-ing-think
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lifts dollar-priced commodities, and the Mexican outage tightens supply, especially for heavy crude, so prices move higher. The DOE reserve sale partly offsets the gain.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2021-08-23 | 1 | +5.5% | 3.0 | Reports Brent settled about 5.5% higher, its biggest daily gain since March, on risk-on sentiment, a weaker dollar and tapering doubts, which matches the size of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-09-27 | [The Commodities Feed: The power crunch spreads to the rest of the complex \| snaps \| ING THINK](https://feedsoft.ai/events/11976-the-commodities-feed-the-power-crunch-spreads-to-the-rest-of-the-complex-snaps.md) | +2.0% | +9.9% |
| BRENT | 2025-08-25 | [The Commodities Feed: Jerome Powell Provides a Boost to Most Markets \| Investing.com](https://feedsoft.ai/events/23251-the-commodities-feed-jerome-powell-provides-a-boost-to-most-markets-investing.md) | -0.1% | -1.7% |
| BRENT | 2019-06-20 | [The Commodities Feed: Dovish Fed sees commodities rally \| snaps \| ING THINK](https://feedsoft.ai/events/58509-the-commodities-feed-dovish-fed-sees-commodities-rally-snaps-ing-think.md) | +7.0% | +2.1% |
| BRENT | 2025-09-01 | [The Commodities Feed: Jerome Powell provides a boost to most markets](https://feedsoft.ai/events/23246-the-commodities-feed-jerome-powell-provides-a-boost-to-most-markets.md) | -4.1% | +3.9% |
| BRENT | 2023-04-12 | [The Commodities Feed: All eyes on US CPI \| articles \| ING THINK](https://feedsoft.ai/events/36345-the-commodities-feed-all-eyes-on-us-cpi-articles-ing-think.md) | -1.5% | -10.2% |
| WTI | 2021-09-27 | [The Commodities Feed: The power crunch spreads to the rest of the complex \| snaps \| ING THINK](https://feedsoft.ai/events/11976-the-commodities-feed-the-power-crunch-spreads-to-the-rest-of-the-complex-snaps.md) | +2.5% | +13.7% |
| WTI | 2025-08-25 | [The Commodities Feed: Jerome Powell Provides a Boost to Most Markets \| Investing.com](https://feedsoft.ai/events/23251-the-commodities-feed-jerome-powell-provides-a-boost-to-most-markets-investing.md) | +0.5% | -1.7% |
| WTI | 2019-06-20 | [The Commodities Feed: Dovish Fed sees commodities rally \| snaps \| ING THINK](https://feedsoft.ai/events/58509-the-commodities-feed-dovish-fed-sees-commodities-rally-snaps-ing-think.md) | +10.2% | +2.6% |

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-usd-provides-a-boost-to-the-complex/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.