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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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Energy Market Briefing Sunday, May 24, 2026

1. Headlines

Oil markets are closed today, with WTI holding at $96.60 and Brent at $100.21. The key developments from the past week center on industry activity signals and geopolitical volatility. The major headline from the Williston Basin Petroleum Conference was Continental Resources' announcement that it will resume drilling in North Dakota before year-end, reversing its January pause. Founder Harold Hamm cited higher prices due to the Iran war, stating a "healthy range" for the industry is in the high $70s to low $80s WTI, according to the North Dakota Monitor.

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