
WTI rose 0.34% and Brent gained 0.03% on November 6 as traders assessed prospects for a US-Iran agreement. Reports said Iran was reviewing proposals to limit its nuclear program, while prices recovered slightly after an earlier steep drop.
A deal could reduce the risk premium in crude by easing concerns about Middle Eastern supply disruptions, putting downward pressure on prices. The reported negotiations provided a counterweight to renewed escalation risks.
After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% over 20.
After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% 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.