# Commodities Week Ahead: Oil Glued To Trump-Iran Face Off; Gold Watches Fed | Investing.com

> Oil is trading cautiously after US crude's best week since 2016, with US-Iran tensions making traders wary. An OPEC+ meeting on 1-2 July and a possible US-China preliminary trade deal ahead of the G20 are key events. Gold is consolidating near $1,400 an ounce while awaiting a widely expected Fed rate cut.

- Date: 2019-06-24 · published 2019-06-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/58512-commodities-week-ahead-oil-glued-to-trump-iran-face-off-gold-watches-fed
- 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)

## Why it matters

Geopolitical risk and OPEC+ decisions could swing crude sharply, which feeds into biofuel and freight costs, while a possible US-China trade deal would support soybean and corn export expectations.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-04-23 | [The Commodities Feed: Middle East tensions ease \| articles \| ING THINK](https://feedsoft.ai/events/30699-the-commodities-feed-middle-east-tensions-ease-articles-ing-think.md) | +0.3% | -3.2% |
| WTI | 2023-01-30 | [Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting \| OilPrice.com](https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com.md) | -7.9% | -5.2% |
| WTI | 2022-03-09 | [Oil falls as investors weigh U.S. import ban](https://feedsoft.ai/events/5778-oil-falls-as-investors-weigh-u-s-import-ban.md) | -22.0% | -17.5% |
| WTI | 2026-03-09 | [Markets seesaw over oil price fears as Trump says war to be ‘ended soon’ - The Washington Post](https://feedsoft.ai/events/6634-markets-seesaw-over-oil-price-fears-as-trump-says-war-to-be-ended-soon-the.md) | +8.5% | +25.0% |
| WTI | 2025-12-03 | [Vegetable oil prices rose slightly after falling in the previous week](https://feedsoft.ai/events/11261-vegetable-oil-prices-rose-slightly-after-falling-in-the-previous-week.md) | -0.7% | -2.5% |
| BRENT | 2024-04-23 | [The Commodities Feed: Middle East tensions ease \| articles \| ING THINK](https://feedsoft.ai/events/30699-the-commodities-feed-middle-east-tensions-ease-articles-ing-think.md) | +1.5% | -5.0% |
| BRENT | 2025-10-28 | [The Commodities Feed: Sanction concerns boost diesel prices \| ING THINK](https://feedsoft.ai/events/22596-the-commodities-feed-sanction-concerns-boost-diesel-prices-ing-think.md) | -0.4% | -2.2% |
| BRENT | 2023-01-30 | [Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting \| OilPrice.com](https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com.md) | -7.7% | -3.8% |

## Sources

- investing.com: https://www.investing.com/analysis/commodities-week-ahead-oil-glued-to-trumpiran-faceoff-gold-watches-fed-200433999

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