Oil rises 1% as Red Sea shipping concerns unnerve traders

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.

• Oct 28, 2026Arab News | Oil rises more than 1% as supply concerns persist-2.1%
• May 25, 2018Contact Us - Sherbrooke Record - Fears of prolonged Red Sea crisis fuel inflation fears, as oil, retail shipping delays begin to rise-7.0%
• Mar 5, 2026Oil settles up around 5% on supply concerns as Iran conflict widens | Reuters+16.5%
• Mar 19, 2024Oil rises to multi-month highs on Russian supply concerns-1.3%
• May 17, 2026Oil prices rise 3% to two-week high on Iran war supply concerns | Reuters-8.1%

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.

• Oct 28, 2026Arab News | Oil rises more than 1% as supply concerns persist-4.7%
• Oct 3, 2025Red Sea shipping risks stay high as Houthis end ceasefire+2.2%
• Mar 5, 2026Oil settles up around 5% on supply concerns as Iran conflict widens | Reuters+12.3%
• Mar 19, 2024Oil rises to multi-month highs on Russian supply concerns-0.2%
• May 17, 2026Oil prices rise 3% to two-week high on Iran war supply concerns | Reuters-5.7%

Not enough comparable past events yet for a historical read.