Oil ends sharply lower as Saudis project early return to normal for damaged facilities

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

• Feb 2, 2026Oil Closes Sharply Lower as Iran Risk Fades | Rigzone-1.6%
• Oct 28, 2024Oil prices drop by 6% as Israel's strike on Iran avoids energy facilities | The National-3.1%
• Jan 8, 2020Oil Prices Drop Sharply as Worry Over Iran Attacks Fades-7.0%
• Apr 1, 2026Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg-6.6%
• Jun 23, 2025Cease-Fire Announcement Sends Oil Prices Even Lower-12.2%

After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.

• Feb 2, 2026Oil Closes Sharply Lower as Iran Risk Fades | Rigzone-3.1%
• Oct 28, 2024Oil prices drop by 6% as Israel's strike on Iran avoids energy facilities | The National-3.3%
• Jan 8, 2020Oil Prices Drop Sharply as Worry Over Iran Attacks Fades-5.9%
• Apr 1, 2026Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg-12.2%
• Jun 23, 2025Cease-Fire Announcement Sends Oil Prices Even Lower-11.9%