# The Commodities Feed: US Fed pressure weighs on the commodities complex | snaps | ING THINK

> ING's daily commodities roundup says oil prices slipped after above-consensus US CPI data raised pressure on the Fed to tighten faster. It also cites OPEC's monthly report showing January output rising and its unchanged 2022 demand growth forecast.

- Date: 2022-02-11 · published 2022-02-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42647-the-commodities-feed-us-fed-pressure-weighs-on-the-commodities-complex-snaps
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of faster Fed tightening strengthen the dollar and weigh on crude, which in turn affects biofuel and fertilizer costs. Oil's softness is a modest negative for energy-linked commodities.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-12-19 | [The Commodities Feed: Fed comments weigh on the complex \| ING THINK](https://feedsoft.ai/events/26850-the-commodities-feed-fed-comments-weigh-on-the-complex-ing-think.md) | -0.8% | +10.8% |
| WTI | 2024-02-01 | [The Commodities Feed: Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/31573-the-commodities-feed-fed-comments-weigh-on-the-complex-articles-ing-think.md) | -2.6% | +3.6% |
| WTI | 2021-09-21 | [The Commodities Feed: Risk-off move hits the complex \| snaps \| ING THINK](https://feedsoft.ai/events/6381-the-commodities-feed-risk-off-move-hits-the-complex-snaps-ing-think.md) | +7.3% | +17.3% |
| WTI | 2021-08-27 | [The Commodities Feed: USD holds the market back \| snaps \| ING THINK](https://feedsoft.ai/events/45481-the-commodities-feed-usd-holds-the-market-back-snaps-ing-think.md) | +3.9% | +9.9% |
| WTI | 2024-12-20 | [The Commodities Feed: Stronger USD prompts oil sell-off \| articles \| ING THINK](https://feedsoft.ai/events/26895-the-commodities-feed-stronger-usd-prompts-oil-sell-off-articles-ing-think.md) | +1.5% | +9.2% |
| BRENT | 2024-12-19 | [The Commodities Feed: Fed comments weigh on the complex \| ING THINK](https://feedsoft.ai/events/26850-the-commodities-feed-fed-comments-weigh-on-the-complex-ing-think.md) | -0.8% | +10.7% |
| BRENT | 2024-02-01 | [The Commodities Feed: Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/31573-the-commodities-feed-fed-comments-weigh-on-the-complex-articles-ing-think.md) | -2.6% | +1.9% |
| BRENT | 2021-09-21 | [The Commodities Feed: Risk-off move hits the complex \| snaps \| ING THINK](https://feedsoft.ai/events/6381-the-commodities-feed-risk-off-move-hits-the-complex-snaps-ing-think.md) | +7.4% | +14.2% |

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-expectations-for-a-more-aggressive-fed-weighs-on-the-complex/

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