Oil Prices Jump 2% on Saudi Attacks as OPEC Sees Demand Rebound

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.

• Sep 16, 2019Oil prices jump as attack on Saudi plant jolts supply | AP News+6.6%
• May 11, 2020Saudi Arabia deepens oil cuts as weak demand weighs on prices+15.8%
• Mar 7, 2021Oil price rises above $70 after attacks on Saudi oil facilities-0.9%
• Aug 29, 2022Oil prices climb on OPEC supply cut prospect, rise in demand-7.9%
• Sep 16, 2019Attack On Saudi Oil Facilities Makes Oil Prices Spike : NPR+6.6%

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.

• Sep 16, 2019Oil prices jump as attack on Saudi plant jolts supply | AP News+5.8%
• May 11, 2020Saudi Arabia deepens oil cuts as weak demand weighs on prices+19.0%
• Mar 7, 2021Oil price rises above $70 after attacks on Saudi oil facilities-0.7%
• Aug 29, 2022Oil prices climb on OPEC supply cut prospect, rise in demand-6.7%
• Sep 16, 2019Attack On Saudi Oil Facilities Makes Oil Prices Spike : NPR+5.8%