Loading…
Oil rose above $95 on Wednesday, reaching $95.24 as the Middle East war reignited, before easing to $94.40. Prices had fallen to $71 in early July after peaking at $126 in April.
Renewed conflict lifts crude prices and energy input costs for feed producers.
theguardian.comJillian AmbroseJul 22, 2026After 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.
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.
Brent rising above $95 on July 22 as the war reignited shows the build-up earlier in the five-day window from a lower early-July base near $71.
