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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·

**Energy Market Briefing: Thursday, May 28,(Bakken Wire) — May 28, 2026

1. Headlines

Oil prices are flat today, with WTI at $88.75 and Brent at $92.69, after a volatile session. According to Rigzone, the slight gains are occurring despite a second round of U.S. airstrikes on Iranian military targets near the Strait of Hormuz and reports of ships deserting the critical waterway. Earlier this week, prices had sold off sharply on what Rigzone reported as trader bets on a possible U.S.-Iran peace deal, highlighting the market's acute sensitivity to geopolitical headlines from the region.

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