Crude futures dipped on March 25 as Israeli media reported a possible ceasefire within a week. WTI settled down $2.03 at $90.32 and Brent fell $2.27 to $102.22, while Iran denied it was in talks with the U.S.
Ceasefire expectations pull crude and diesel lower, easing energy input costs, but Iran's denials leave the path to supply restoration uncertain.
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.
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.
After 51 past bearish geopolitics events, ULSD / Diesel moved a median -2.4% over 5 sessions (37% higher; middle half -8.2% to +3.9%), and -2.3% 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.