# WCU Commodities back on track for a strong 2021 finish | Saxo

> Commodities posted their first broad weekly gain in eight weeks, with crude oil rising sharply. European gas and power prices climbed as stockpiles shrank, and gold was held back by expectations of faster US rate hikes.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46625-wcu-commodities-back-on-track-for-a-strong-2021-finish-saxo
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher energy costs raise biofuel and fertilizer input costs and can lift feed-grain prices, while expected rate hikes strengthen the dollar and weigh on dollar-priced commodities.

## Read by commodity

- WTI: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-10-06 | [A Bullish Outlook for Commodities \| WisdomTree](https://feedsoft.ai/events/50561-a-bullish-outlook-for-commodities-wisdomtree.md) | +0.3% | -6.3% |
| WTI | 2019-01-25 | [WCU Commodities rise ahead of crucial week \| Saxo](https://feedsoft.ai/events/12392-wcu-commodities-rise-ahead-of-crucial-week-saxo.md) | +1.5% | +7.5% |
| WTI | 2024-09-24 | [Fresh from the Trading Room: Commodities comeback - CME Group](https://feedsoft.ai/events/5611-fresh-from-the-trading-room-commodities-comeback-cme-group.md) | -3.5% | -0.1% |
| WTI | 2021-05-07 | [World stocks, commodities boom on U.S. weak jobs data](https://feedsoft.ai/events/47010-world-stocks-commodities-boom-on-u-s-weak-jobs-data.md) | -1.4% | +7.5% |
| WTI | 2021-05-01 | [Why prices of commodities, from metals to food, are soaring](https://feedsoft.ai/events/11301-why-prices-of-commodities-from-metals-to-food-are-soaring.md) | +2.2% | +4.4% |
| NATGAS | 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) | -4.8% | +21.0% |
| NATGAS | 2022-03-07 | [Should surging commodities challenge hawkish central banks? \| Lombard Odier](https://feedsoft.ai/events/42206-should-surging-commodities-challenge-hawkish-central-banks-lombard-odier.md) | -2.4% | +14.3% |
| NATGAS | 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) | +9.8% | -2.3% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/wcu-commodities-back-on-track-for-a-strong-2021-finish-10122021

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