Oil settles over 1% higher on mounting tension in Europe, Mideast

After 948 past geopolitics events, Crude Oil (WTI) moved a median +0.6% over 5 sessions (53% higher; middle half -3.7% to +5.8%), and -0.1% over 20.

• Apr 26, 2024Oil settles higher on supply concerns in the Mideast, economic woes subdue gains | Reuters-5.2%
• May 27, 2019Oil up more than 1% on Mideast tensions and supply cuts-8.5%
• Jul 23, 2026Oil settles over $100 as Houthi attacks intensify Middle East supply risks | Reuters-7.9%
• Nov 7, 2017Oil eases but Saudi tensions keep 2-1/2 year highs in sight-1.0%
• Feb 24, 2025Oil settles higher on fresh Iran sanctions, Iraq commitment to OPEC+-1.0%

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.

• Apr 26, 2024Oil settles higher on supply concerns in the Mideast, economic woes subdue gains | Reuters-4.9%
• May 27, 2019Oil up more than 1% on Mideast tensions and supply cuts-9.0%
• Jul 23, 2026Oil settles over $100 as Houthi attacks intensify Middle East supply risks | Reuters-9.5%
• Nov 7, 2017Oil eases but Saudi tensions keep 2-1/2 year highs in sight-1.9%
• Feb 24, 2025Oil settles higher on fresh Iran sanctions, Iraq commitment to OPEC+-0.9%