Arab News | Oil rises more than 1% as supply concerns persist

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Jun 16, 2022Oil rebounds as new Iran sanctions fuel more supply concerns-6.6%
• Mar 28, 2024Oil rises more than $1 a barrel on tighter supply outlook+5.8%
• Mar 19, 2024Oil rises to multi-month highs on Russian supply concerns-0.2%
• May 27, 2019Oil up more than 1% on Mideast tensions and supply cuts-9.0%
• Dec 19, 2023Oil rises 1% as Red Sea shipping concerns unnerve traders+2.8%

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Jun 16, 2022Oil rebounds as new Iran sanctions fuel more supply concerns-8.7%
• Mar 28, 2024Oil rises more than $1 a barrel on tighter supply outlook+6.4%
• Mar 19, 2024Oil rises to multi-month highs on Russian supply concerns-1.3%
• May 27, 2019Oil up more than 1% on Mideast tensions and supply cuts-8.5%
• Dec 19, 2023Oil rises 1% as Red Sea shipping concerns unnerve traders+4.8%