
Brent crude rose about 2.7% to $97.20 a barrel after three sessions of losses, having fallen more than 8% on Wednesday to near a two-month low. European natural gas gained about 1.5% to €89.35 per megawatt-hour after dipping toward €85.
Energy prices swung on the US midterm result and hopes of a diplomatic end to the US-Iran war, but disrupted Gulf LNG deliveries and depleted European storage keep upside risk for diesel and feed-related costs.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.