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Oil prices rose on March 25 after three days of declines, with Brent up 0.61% to $85.95 and WTI up 0.69% to $81.19. Analysts pointed to Russian and Ukrainian strikes on energy facilities, stalled Gaza ceasefire talks and a falling US rig count.
Geopolitical risk to refining and crude supply lifts energy costs, which raises diesel and freight expenses for feed producers and supports vegetable oil and biofuel values.
thenationalnews.comSarmad KhanMar 25, 2024After 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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
