Oil prices rise from 2-mth low with focus on U.S.-Iran peace, inventories

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.

• May 21, 2026US oil prices rise as investors doubt breakthrough in US-Iran peace talks | Reuters-9.1%
• May 22, 2026Oil Prices Rise as Iran Draws Red Line on Uranium | Investing.com-9.1%
• Sep 19, 2019Oil prices rise as Saudi supply risks come into focus-3.0%
• Mar 8, 2026Oil prices surge 20% as expanding US-Israeli war with Iran cuts supplies from Mideast - CNA+8.5%
• Sep 14, 2018Oil prices rise ahead of deadline for US sanctions on Iran | The National+3.2%

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.

• May 21, 2026US oil prices rise as investors doubt breakthrough in US-Iran peace talks | Reuters-11.6%
• May 22, 2026Oil Prices Rise as Iran Draws Red Line on Uranium | Investing.com-11.3%
• Sep 19, 2019Oil prices rise as Saudi supply risks come into focus-2.4%
• Mar 8, 2026Oil prices surge 20% as expanding US-Israeli war with Iran cuts supplies from Mideast - CNA+9.5%
• Sep 14, 2018Oil prices rise ahead of deadline for US sanctions on Iran | The National+1.2%