Crude jumps more than 7% as EU mulls Russian oil ban

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.

• Mar 21, 2022Oil prices jump again as EU considers Russian oil ban | Reuters+9.5%
• Mar 2, 2022Oil price rises again as buyers shun Russian crude+21.0%
• Jan 1, 2019Oil Jumps Most Since June on Saudi-Russian Pact, Trade War Truce+10.8%
• Jun 5, 2017Oil markets jump more than 1% on Qatar-GCC row-3.7%
• May 31, 2022C$ holds near multi-week high as EU bans Russian oil - Markets - Business Recorder+0.8%

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.

• Mar 21, 2022Oil prices jump again as EU considers Russian oil ban | Reuters+10.3%
• Jan 1, 2019Oil Jumps Most Since June on Saudi-Russian Pact, Trade War Truce+9.7%
• Jun 5, 2017Oil markets jump more than 1% on Qatar-GCC row-3.9%
• May 31, 2022C$ holds near multi-week high as EU bans Russian oil - Markets - Business Recorder+3.0%
• Apr 2, 2026US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran | Reuters-2.2%