Oil prices fall as OPEC+ output hikes counter Russia disruption concerns

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.

• Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-11.3%
• May 3, 2026OPEC+ agrees third oil output quota hike since Hormuz closure | Reuters-9.5%
• Sep 21, 2018Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source | Reuters+3.5%
• Nov 23, 2023Oil slips 1% on concerns over delayed OPEC+ meeting By Reuters+1.4%
• Apr 17, 2024Oil prices fall more than 3% as traders discount Iran-Israel war risk-2.5%

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.

• Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-12.8%
• May 3, 2026OPEC+ agrees third oil output quota hike since Hormuz closure | Reuters-6.3%
• Sep 21, 2018Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source | Reuters+1.9%
• Nov 23, 2023Oil slips 1% on concerns over delayed OPEC+ meeting By Reuters-1.5%
• Apr 17, 2024Oil prices fall more than 3% as traders discount Iran-Israel war risk-2.3%