Oil prices settle more than 1% higher, log strongest month since March

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.

• Aug 31, 2026Oil prices settle up more than $4 a barrel on renewed US-Iran fighting | Reuters+10.8%
• Oct 23, 2026Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April By Reuters-1.7%
• Mar 3, 2026Oil prices jump nearly 5%, settle at highest since January 2025 on Middle East conflict | Reuters+24.7%
• Mar 6, 2022Oil price surges to highest since 2008 on delays in Iranian talks | Reuters-4.6%
• Mar 6, 2026Iran conflict boosts US Gulf oil prices to highest since 2020 | Reuters+16.6%

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.

• Aug 31, 2026Oil prices settle up more than $4 a barrel on renewed US-Iran fighting | Reuters+9.6%
• Oct 23, 2026Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April By Reuters-1.0%
• Mar 3, 2026Oil prices jump nearly 5%, settle at highest since January 2025 on Middle East conflict | Reuters+33.1%
• Mar 6, 2022Oil price surges to highest since 2008 on delays in Iranian talks | Reuters-5.5%
• Mar 6, 2026Iran conflict boosts US Gulf oil prices to highest since 2020 | Reuters+18.2%