Oil prices settle up 3% on supply concerns after oilfield shutdown in Libya

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 5, 2026Oil settles up around 5% on supply concerns as Iran conflict widens | Reuters+12.3%
• Dec 27, 2023Diesel Prices Rebound After 8-Week Decline on Supply Concerns-3.6%
• May 17, 2026Oil prices rise 3% to two-week high on Iran war supply concerns | Reuters-5.7%
• Aug 31, 2023Oil Supply Prices: Oil prices up on tighter supply, China PMI in focus, ETAuto+5.7%
• Apr 26, 2024Oil settles higher on supply concerns in the Mideast, economic woes subdue gains | Reuters-4.9%

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 5, 2026Oil settles up around 5% on supply concerns as Iran conflict widens | Reuters+16.5%
• May 17, 2026Oil prices rise 3% to two-week high on Iran war supply concerns | Reuters-8.1%
• Aug 31, 2023Oil Supply Prices: Oil prices up on tighter supply, China PMI in focus, ETAuto+6.4%
• Apr 26, 2024Oil settles higher on supply concerns in the Mideast, economic woes subdue gains | Reuters-5.2%
• Mar 20, 2025Oil prices settle $1 higher after US issues new Iran-related sanctions+3.9%