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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: BAKKEN WIRE Saturday, May 23, 2026

1. Headlines

Oil prices are firming today, with WTI up modestly to $96.60 and Brent gaining 0.71% to breach the $100 threshold at $100.21, according to Rigzone and Reuters. The primary market narrative, as reported by Reuters and local outlets like The Forum, centers on volatility driven by geopolitical risk from the ongoing U.S.-Iran conflict and hopes for potential peace talks. Supporting prices was a substantial draw of nearly 8 million barrels from U.S. commercial crude stocks reported by the EIA this week.

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