# Commodities Week Ahead: After Fed, US Jobs Pose Next Challenge for Oil | Investing.com

> Oil faced a week ahead dominated by US nonfarm payrolls, consumer confidence and second-quarter GDP after the Jackson Hole event lifted the dollar and Treasury yields. July payroll gains of 187,000 were the smallest since March 2021. Traders also watched for positive China sentiment to support crude.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34486-commodities-week-ahead-after-fed-us-jobs-pose-next-challenge-for-oil-investing
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A strong US jobs print would reinforce rate expectations and a firmer dollar, which could cap crude prices and feed through to energy and freight costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-29 | [FX Outlook: A Busy Week Ahead \| Investing.com UK](https://feedsoft.ai/events/19033-fx-outlook-a-busy-week-ahead-investing-com-uk.md) | -0.8% | +30.0% |
| WTI | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -0.6% | +12.6% |
| WTI | 2023-06-29 | [The Commodities Feed: Hawkish Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/35414-the-commodities-feed-hawkish-fed-comments-weigh-on-the-complex-articles-ing.md) | +3.2% | +15.2% |
| WTI | 2023-11-25 | [Ringgit likely to trade range-bound next week ahead of US economic data \| Scoop](https://feedsoft.ai/events/33433-ringgit-likely-to-trade-range-bound-next-week-ahead-of-us-economic-data-scoop.md) | -1.7% | -2.2% |
| WTI | 2025-03-19 | [US Fed meeting: ⁠How will FOMC meeting impact gold and crude oil prices? \| Stock Market News](https://feedsoft.ai/events/25475-us-fed-meeting-how-will-fomc-meeting-impact-gold-and-crude-oil-prices-stock.md) | +3.0% | -8.5% |
| BRENT | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | +0.6% | +10.4% |
| BRENT | 2019-07-22 | [Fed: Rate call eyed for commodity direction – ABN AMRO — Octa](https://feedsoft.ai/events/58019-fed-rate-call-eyed-for-commodity-direction-abn-amro-octa.md) | +2.0% | -4.7% |
| BRENT | 2022-10-30 | [U.S. Dollar's Recovery Can Be Extended \| Investing.com](https://feedsoft.ai/events/39331-u-s-dollar-s-recovery-can-be-extended-investing-com.md) | +4.0% | -12.3% |

## Sources

- investing.com: https://www.investing.com/analysis/commodities-week-ahead-after-fed-us-jobs-pose-next-challenge-for-oil-200641338

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