Oil rises to multi-month highs on Russian supply concerns

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.

• Mar 4, 2022Oil surges to multi-year highs as Russian supply shortfall looms-1.6%
• May 17, 2026Oil prices rise 3% to two-week high on Iran war supply concerns | Reuters-8.1%
• Oct 28, 2026Arab News | Oil rises more than 1% as supply concerns persist-2.1%
• Feb 19, 2025Oil holds near one-week high on supply concerns, sanctions on Russia eyed | Reuters-4.2%
• Jan 15, 2025Oil rallies, settles at multi-month high on US crude draw, Russia sanctions-2.7%

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.

• Mar 4, 2022Oil surges to multi-year highs as Russian supply shortfall looms-0.9%
• May 17, 2026Oil prices rise 3% to two-week high on Iran war supply concerns | Reuters-5.7%
• Oct 28, 2026Arab News | Oil rises more than 1% as supply concerns persist-4.7%
• Feb 19, 2025Oil holds near one-week high on supply concerns, sanctions on Russia eyed | Reuters-4.1%
• Jan 15, 2025Oil rallies, settles at multi-month high on US crude draw, Russia sanctions-1.5%