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Western powers led by the US fired as many as 105 missiles at Syria over the weekend to dismantle its chemical weapons programme. Analysts said the strikes added geopolitical risk, with Brent trading near $72.58 a barrel.
Military escalation in the Middle East raises the risk of a supply disruption, which tends to add a risk premium to crude and raise energy and transport costs for feed.
gulfnews.comFareed RahmanApr 15, 2018After 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.
