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US crude futures closed higher on June 24 while Brent fell after the Trump administration signed an executive order imposing financial sanctions on Iranian leaders. Natural gas futures gained over 5% following an 8% drop the prior week.
New Iran sanctions tighten global crude supply and support prices, though the Brent-WTI divergence shows the effect is uneven across benchmarks.
marketwatch.comMyra P. Saefong, Rachel Koning BealsJun 24, 2019After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
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.
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.
