Brent holds near $92; Oil remains steady despite no progress in West Asia conflict resolution

After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% over 20.

• Nov 29, 2025OPEC+ holds oil output steady, agrees capacity mechanism | Reuters+2.7%
• Aug 24, 2022Oil ends higher on U.S. response to Iran nuclear deal comments-3.8%
• Nov 30, 2025OPEC+ ministers reaffirm earlier decisions on oil production in 2026 - Business & Economy - TASS+2.7%
• Nov 30, 2025OPEC+ Holds Output Steady, Approves New Capacity Framework Through 2026 | OilPrice.com+2.7%
• Nov 20, 2025Refining Margins Soar as Global Oil Product Markets Tighten | OilPrice.com-2.1%

After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% over 20.

• Nov 29, 2025OPEC+ holds oil output steady, agrees capacity mechanism | Reuters+0.7%
• Aug 24, 2022Oil ends higher on U.S. response to Iran nuclear deal comments-0.5%
• Nov 30, 2025OPEC+ ministers reaffirm earlier decisions on oil production in 2026 - Business & Economy - TASS+0.7%
• Nov 30, 2025OPEC+ Holds Output Steady, Approves New Capacity Framework Through 2026 | OilPrice.com+0.7%
• Mar 31, 2020Oil gains nearly 2%, but posts worst month and quarter on record+30.7%