Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

• Mar 14, 2022Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns | Reuters-4.2%
• May 1, 2024Oil falls more than $1/bbl on Middle East peace talks, US rate cut doubts-4.3%
• May 27, 2026Oil settles 5% lower as investors await updates on US-Iran peace deal talks | Reuters-0.2%
• Nov 23, 2023Oil slips 1% on concerns over delayed OPEC+ meeting By Reuters-1.5%
• May 21, 2026Oil falls with US-Iran peace talks in focus-9.1%

After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.

• Mar 14, 2022Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns | Reuters-3.7%
• May 1, 2024Oil falls more than $1/bbl on Middle East peace talks, US rate cut doubts-5.8%
• May 27, 2026Oil settles 5% lower as investors await updates on US-Iran peace deal talks | Reuters-3.9%
• Nov 23, 2023Oil slips 1% on concerns over delayed OPEC+ meeting By Reuters+1.4%
• May 21, 2026Oil falls with US-Iran peace talks in focus-11.6%