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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·
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DAILY ENERGY BRIEFING Thursday, May 14, 2026

1. Headlines

Oil prices rose today with WTI settling above $102 and Brent near $106.60. According to Rigzone, the rally follows an EIA report showing a larger-than-expected U.S. crude inventory draw of over 4 million barrels for the week ending May 8. Simultaneously, delegates told Rigzone that OPEC+ has a plan to complete a series of production quota increases over the coming months, a move typically seen as bearish.

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