Brent falls 16.4% in its biggest weekly loss since the COVID pandemic

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.

• May 29, 2026Brent oil price in May posts biggest monthly loss since 2020+2.5%
• May 29, 2026Oil Sees Biggest Weekly Loss Since April on Iran Deal Talk+2.5%
• Mar 13, 2020Crude posts biggest weekly losses since 2008, hit by coronavirus and Saudi price war-18.6%
• May 29, 2026Oil prices log steepest weekly loss since April on potential US-Iran peace deal | The National+2.5%
• Jul 11, 2018Brent crude suffers biggest price drop in two years-8.7%

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.

• May 29, 2026Brent oil price in May posts biggest monthly loss since 2020+4.6%
• May 29, 2026Oil Sees Biggest Weekly Loss Since April on Iran Deal Talk+4.6%
• Mar 13, 2020Crude posts biggest weekly losses since 2008, hit by coronavirus and Saudi price war-20.3%
• May 29, 2026Oil prices log steepest weekly loss since April on potential US-Iran peace deal | The National+4.6%
• Jul 11, 2018Brent crude suffers biggest price drop in two years-8.2%