Highlights of this week's Commodity Podcast:

• Commodities ended largely higher on weaker U.S. dollar and improved risk sentiment.

• The U.S. dollar index ended lower for the first time in 3 weeks on reduced safe haven demand.

• ECB raised interest rate by 0.75%, in line with expectations, and pointed towards further hikes.

• China’s trade surplus narrowed to $79.39 billion on slower exports growth; exports rose 7.1% as against a forecast of 12.8% growth.

• China’s city of Chengdu extended a lockdown for most of its more than 21 million residents.

• E.U. energy ministers discussed a plan to put a price cap on Russian gas but failed to reach a consensus.

• Russian President has threatened to halt oil and gas exports to Europe if price caps are imposed.

• The U.S. Energy Department says White House was not considering new releases from the U.S. strategic petroleum reserves.