# Commodity sector supported by peak rates, tight supply focus | Saxo

> Saxo's quarterly outlook argues that commodity prices may keep rising as tight supply, especially in energy, offsets weaker economic growth in Europe, the US and China. It says OPEC+ supply management has created price-supportive tightness in crude and fuel products. It also sees a possible strong quarter for precious metals if stagflation risks grow.

- Date: 2023-10-06 · published 2023-10-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33535-commodity-sector-supported-by-peak-rates-tight-supply-focus-saxo
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expectations of tight energy supply support higher diesel and fertilizer-linked costs, which feed into feed production costs. The outlook is a forecast rather than a new event.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-06-18 | [Goldman sees Fed-driven dip in commodities as a 'buying opportunity'](https://feedsoft.ai/events/46485-goldman-sees-fed-driven-dip-in-commodities-as-a-buying-opportunity.md) | +3.8% | +1.4% |
| 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 | 2024-03-04 | [Commodity markets saw slight upward trend last week](https://feedsoft.ai/events/7865-commodity-markets-saw-slight-upward-trend-last-week.md) | -1.2% | +3.1% |
| BRENT | 2021-05-27 | [Supercharged commodities may rescue ringgit hit by Covid surge » The Capital Post](https://feedsoft.ai/events/47364-supercharged-commodities-may-rescue-ringgit-hit-by-covid-surge-the-capital-post.md) | +3.1% | +9.9% |
| BRENT | 2021-06-29 | [Commodities: Fundamentals Versus Fedspeak \| Post](https://feedsoft.ai/events/46488-commodities-fundamentals-versus-fedspeak-post.md) | +3.4% | -0.1% |
| WTI | 2017-03-16 | [Fed's cautious tone a reprieve for rate-sensitive sectors, commodities - The Business Times](https://feedsoft.ai/events/71923-fed-s-cautious-tone-a-reprieve-for-rate-sensitive-sectors-commodities-the.md) | -2.0% | +9.5% |
| WTI | 2025-08-22 | [Commodity Prices Surge As Powell Signals September Fed Rate Cut \| FXEmpire](https://feedsoft.ai/events/23247-commodity-prices-surge-as-powell-signals-september-fed-rate-cut-fxempire.md) | +1.0% | -2.0% |
| WTI | 2021-06-16 | [WCU Commodities back on track for a strong 2021 finish \| Saxo](https://feedsoft.ai/events/46625-wcu-commodities-back-on-track-for-a-strong-2021-finish-saxo.md) | +1.4% | +1.4% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/quarterly-outlook/commodity-sector-supported-by-peak-rates-tight-supply-focus-03102023

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