Oil gains more than $3/bbl after Suez Canal ship grounding

After 26 past bullish logistics events, WTI moved a median +1.2% over 5 sessions (58% higher; middle half -5.1% to +9.5%), and +2.0% over 20.

• Sep 17, 2026Panama Canal stress shows the real shipping squeeze may still be ahead | Reuters-7.8%
• May 21, 2026With the Strait of Hormuz closed, the Panama Canal is busier than ever. It should use this windfall wisely. - Atlantic Council-8.7%
• Dec 12, 2022Oil up $2/bbl on supply risks amid ongoing Keystone outage+4.5%
• Sep 4, 2021Hurricane Ida - after the Storm — Breakwave Advisors+1.7%
• Mar 22, 2022Oil Rallies as U.S. Stockpiles Shrink, Black Sea Terminal Shuts - Bloomberg-4.6%

After 22 past bullish logistics events, BRENT moved a median -0.7% over 5 sessions (45% higher; middle half -5.7% to +4.5%), and -1.2% over 20.

• Mar 24, 2021Factbox: Suez Canal blockage sends ripples through global commodity markets+5.5%
• Dec 14, 2025Global shipping rates surge to multi-year highs, raising costs for oil, LNG-1.1%
• May 21, 2026With the Strait of Hormuz closed, the Panama Canal is busier than ever. It should use this windfall wisely. - Atlantic Council-9.8%
• Mar 22, 2022Oil Rallies as U.S. Stockpiles Shrink, Black Sea Terminal Shuts - Bloomberg-4.6%
• Mar 23, 2022Oil jumps 5% as Caspian pipeline disruption adds to supply fears | Reuters-5.9%

Not enough comparable past events yet for a historical read.