Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff

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.

• Nov 3, 2018Why oil prices are plunging despite U.S. sanctions on Iran’s energy sector - MarketWatch-4.7%
• May 5, 2026Oil prices bounce off lows, as an Iran peace deal may be just a ‘structured pause’ - MarketWatch-7.6%
• Nov 19, 2021OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar | S&P Global-5.3%
• Aug 30, 2024Crude Oil snaps support after OPEC sources confirm gradual reopening of production-10.8%
• Jul 31, 2020OPEC+ plans to pump more crude into a precarious global oil market+5.2%

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.

• May 5, 2026Oil prices bounce off lows, as an Iran peace deal may be just a ‘structured pause’ - MarketWatch-9.6%
• Nov 19, 2021OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar | S&P Global+0.4%
• Aug 30, 2024Crude Oil snaps support after OPEC sources confirm gradual reopening of production-8.9%
• Jul 31, 2020OPEC+ plans to pump more crude into a precarious global oil market+4.9%
• May 30, 2021Iran's possible return to oil markets likely to dominate Opec+ talks | The National+2.4%