Oil Prices Rise as Middle East, Ukraine-Russia Conflict Fuel Supply Worries -- Update

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.

• Nov 21, 2024Oil rises 2% on supply worries as Russia-Ukraine war escalates-0.3%
• Oct 3, 2024Oil jumps over $3 a barrel as Middle East conflict stokes supply worry | Reuters+3.3%
• Oct 9, 2023Middle East conflict fuels rise in commodity prices | Reuters+7.4%
• Sep 7, 2026Oil prices rise to six-week highs on worsening Middle East conflict | Reuters+12.0%
• Jul 22, 2026Oil price rises above $95 mark as Middle East conflict escalates | Oil | The Guardian-8.2%

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.

• Nov 21, 2024Oil rises 2% on supply worries as Russia-Ukraine war escalates-0.3%
• Oct 3, 2024Oil jumps over $3 a barrel as Middle East conflict stokes supply worry | Reuters+4.4%
• Oct 9, 2023Middle East conflict fuels rise in commodity prices | Reuters+5.9%
• Sep 7, 2026Oil prices rise to six-week highs on worsening Middle East conflict | Reuters+9.3%
• Mar 1, 2022Oil futures: Crude, fuel prices surge as Ukraine conflict pushes NYMEX WTI well past $100/b+24.3%