Oil gains on supply concerns as Houthis attack Saudi deployments in Yemen

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.

• Sep 16, 2019Oil prices jump as attack on Saudi plant jolts supply | AP News+6.6%
• Sep 16, 2019Oil surges as Saudi attack focuses market on supply risks+6.6%
• Apr 26, 2024Oil settles higher on supply concerns in the Mideast, economic woes subdue gains | Reuters-4.9%
• Sep 16, 2019Oil Surges Most in Decades After Attack on Heart of Saudi Oil Industry+6.6%
• Jun 16, 2022Oil rebounds as new Iran sanctions fuel more supply concerns-6.6%

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.

• Sep 16, 2019Oil prices jump as attack on Saudi plant jolts supply | AP News+5.8%
• Sep 16, 2019Oil surges as Saudi attack focuses market on supply risks+5.8%
• Apr 26, 2024Oil settles higher on supply concerns in the Mideast, economic woes subdue gains | Reuters-5.2%
• Sep 16, 2019Oil Surges Most in Decades After Attack on Heart of Saudi Oil Industry+5.8%
• Jun 16, 2022Oil rebounds as new Iran sanctions fuel more supply concerns-8.7%