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Oil rose on June 13 after attacks on two tankers in the Gulf of Oman raised supply concerns, with Brent near $62. The IEA and OPEC cut global oil demand growth forecasts, keeping prices on track for a weekly loss.
Tanker attacks in a key shipping zone raise supply risk for crude, while weaker demand forecasts limit upside, leaving energy costs for feed logistics volatile.
cnbc.comReutersJun 14, 2019After 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.
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.
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.
