
Brent and WTI rose for a second consecutive session on Friday as reports of fresh tanker attacks intensified concerns about oil supply disruptions. The market also weighed the risk of further U.S. military action against Iran, and the article reported that Goldman Sachs raised its near-term oil forecasts.
Attacks on tankers and risks to shipping through a major oil transit route add a supply-risk premium and support crude prices.
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.
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.