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Crude prices fell sharply on Monday as markets responded to indications that hostilities between the United States and Iran would not resume. Reports of a strong rebound in OPEC-plus output also weighed on prices.
Ceasefire hopes reduce the perceived risk of supply disruption, while rising OPEC-plus production points to greater crude availability. Both factors put downward pressure on oil prices.
energyintel.comAuthor Gary Peach, New York Editor Chris RaineNov 9, 2026After 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 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.
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.
