Oil settles slightly higher as Moscow peace talks fail to reach breakthrough

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.

• May 21, 2026US oil prices rise as investors doubt breakthrough in US-Iran peace talks | Reuters-9.1%
• Feb 18, 2026Oil settles up 4% on Iran-US tensions, Russia-Ukraine talks end without breakthrough | Reuters+5.1%
• Jul 31, 2026Oil prices settle more than 1% higher, log strongest month since March | Reuters-7.4%
• Mar 3, 2022Oil slides from decade-highs as Iran talks kindle supply hopes | Reuters-1.7%
• Mar 20, 2026Oil jumps to highest settlement since July 2022 as more Mideast supply disrupted | Reuters-0.5%

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.

• May 21, 2026US oil prices rise as investors doubt breakthrough in US-Iran peace talks | Reuters-11.6%
• Feb 18, 2026Oil settles up 4% on Iran-US tensions, Russia-Ukraine talks end without breakthrough | Reuters+3.5%
• Jul 31, 2026Oil prices settle more than 1% higher, log strongest month since March | Reuters-4.9%
• Mar 3, 2022Oil slides from decade-highs as Iran talks kindle supply hopes | Reuters-1.8%
• Mar 20, 2026Oil jumps to highest settlement since July 2022 as more Mideast supply disrupted | Reuters+0.8%