◂ Event Timeline

Apr 25, 2019GEOPOLITICSEurope

Brent slips from $75 per barrel as investors doubt rally will endure

Brent crude touched $75 per barrel on Thursday, its highest since October, after some Russian crude exports to Europe were suspended. Prices then eased, settling at $74.35 as investors doubted the rally could continue.

WHY IT MATTERS

The suspension of Russian supply tightens the crude market and lifts energy costs, though the failure to hold gains suggests limited follow-through.

AFFECTSCrude Oil (Brent)▲

SOURCE
reuters.comLaila KearneyApr 25, 2019

Price reaction & history

Crude Oil (Brent)▲bullishSO FAR1d +0.8%5d -2.7%20d -3.5%

After 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.

Mar 3, 2022Oil jumps, Brent above $116 per barrel as supply issues persist-1.8%
May 21, 2026US oil prices rise as investors doubt breakthrough in US-Iran peace talks | Reuters-11.6%
Sep 10, 2026Brent crude oil nears $104 per barrel: Here's why+10.5%
Sep 27, 2018Oil rises as investors fret over Iranian supply gaps+5.2%
Sep 24, 2018Bullish forecast for oil as Brent touches $80 per barrel+4.9%

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.

Crude Oil (Brent) BRENT · GP ▸

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