# Commodities Week Ahead: Oil, Gold Await Trump Take On Trade War, Powell Testimony

> A preview of the week ahead says markets are waiting on Trump's remarks on the trade war and Powell's congressional testimony. Trump had said on Friday he had not agreed to China's requested tariff rollbacks, and WTI and Brent saw their largest intraday swings in a month.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/55963-commodities-week-ahead-oil-gold-await-trump-take-on-trade-war-powell-testimony
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Uncertainty over the US-China phase one deal affects agricultural export expectations and crude prices that feed into biofuel economics. The outcome of the trade talks remains unclear.

## Read by commodity

- SOY: neutral
- WTI: neutral
- CORN: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-29 | [Trump’s Nine-Hour Economic War on Colombia Rattles Markets - Bloomberg](https://feedsoft.ai/events/26776-trump-s-nine-hour-economic-war-on-colombia-rattles-markets-bloomberg.md) | -1.5% | -7.1% |
| WTI | 2019-07-08 | [Traders, federal govt at risk from volatility in ringgit and oil prices](https://feedsoft.ai/events/58352-traders-federal-govt-at-risk-from-volatility-in-ringgit-and-oil-prices.md) | +5.0% | -2.7% |
| WTI | 2018-04-04 | [Oil down slightly; U.S. inventory draw offsets trade war fears](https://feedsoft.ai/events/10845-oil-down-slightly-u-s-inventory-draw-offsets-trade-war-fears.md) | +3.2% | +6.0% |
| WTI | 2019-05-20 | [When Is a Trade War, Not a Trade War? - Mansfield Energy](https://feedsoft.ai/events/7391-when-is-a-trade-war-not-a-trade-war-mansfield-energy.md) | -6.8% | -16.4% |
| WTI | 2018-04-04 | [Oil ends slightly lower on trade fears - MarketWatch](https://feedsoft.ai/events/10846-oil-ends-slightly-lower-on-trade-fears-marketwatch.md) | +3.2% | +6.0% |
| BRENT | 2019-05-27 | [Oil under pressure from U.S.-China trade war, but OPEC cuts provide support, ETAuto](https://feedsoft.ai/events/59237-oil-under-pressure-from-u-s-china-trade-war-but-opec-cuts-provide-support-etauto.md) | -9.0% | -4.9% |
| BRENT | 2018-04-04 | [Oil down slightly; U.S. inventory draw offsets trade war fears](https://feedsoft.ai/events/10845-oil-down-slightly-u-s-inventory-draw-offsets-trade-war-fears.md) | +3.3% | +9.4% |
| BRENT | 2018-04-04 | [Oil ends slightly lower on trade fears - MarketWatch](https://feedsoft.ai/events/10846-oil-ends-slightly-lower-on-trade-fears-marketwatch.md) | +3.3% | +9.4% |

## Sources

- mtscapital.co.th: https://www.mtscapital.co.th/en/research/detail.php?ID=15609&SECTION_ID=14

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