# WCU: Commodity markets consolidate with one eye on inflation | Saxo

> The Bloomberg Commodity Index has traded near unchanged for a third week after a correction from a three-year high in February. Brent crude is consolidating between $60 and $65 a barrel while OPEC+ prepares to add supply, and China's rising factory-gate prices raise concern about tighter monetary policy.

- Date: 2021-03-19 · published 2021-03-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/5670-wcu-commodity-markets-consolidate-with-one-eye-on-inflation-saxo
- 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

Reduced speculative positioning and a firmer dollar and Treasury yields weigh on broad commodity prices. Possible Chinese tightening and OPEC+ supply additions are the main risks to energy and metals prices.

## Read by commodity

- DXY: bullish ▲
- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-05-29 | [Inflation Shows No Signs of Cooling. What Does That Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/35850-inflation-shows-no-signs-of-cooling-what-does-that-mean-for-commodity-prices.md) | -0.4% | -6.6% |
| WTI | 2025-11-12 | [US Dollar: Consolidation Persists While Risk Assets Rally Across Global Markets \| Investing.com](https://feedsoft.ai/events/22169-us-dollar-consolidation-persists-while-risk-assets-rally-across-global-markets.md) | +0.5% | -3.9% |
| WTI | 2025-09-30 | [From geopolitics to rate cuts: What’s shaping commodities markets?](https://feedsoft.ai/events/22764-from-geopolitics-to-rate-cuts-what-s-shaping-commodities-markets.md) | -2.8% | -3.3% |
| WTI | 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) | +1.1% | -1.2% |
| WTI | 2020-07-29 | [Expert Commentary - Update on Global Gas and LNG Prices in 2020: How has it Coped with Recent Market Dynamics? - Events-HH](https://feedsoft.ai/events/52290-expert-commentary-update-on-global-gas-and-lng-prices-in-2020-how-has-it-coped.md) | +1.8% | +5.6% |
| BRENT | 2025-09-30 | [From geopolitics to rate cuts: What’s shaping commodities markets?](https://feedsoft.ai/events/22764-from-geopolitics-to-rate-cuts-what-s-shaping-commodities-markets.md) | -3.2% | -4.3% |
| 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 | 2025-05-26 | [Oil holds steady; market awaits clarity on OPEC+ next move](https://feedsoft.ai/events/24837-oil-holds-steady-market-awaits-clarity-on-opec-next-move.md) | +0.8% | +12.0% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/commodity-markets-consolidate-with-one-eye-on-inflation-09042021

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