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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·

Daily Energy Market Briefing Date: Sunday, May 31, 2026

1. Headlines

Global oil markets are holding steady this Sunday, with WTI flat at $87.36 and Brent at $91.12. This follows a volatile week where prices settled at a six-week low on Friday, as reported by Rigzone, on speculation that a tentative U.S.-Iran ceasefire agreement could lead to a reopening of the Strait of Hormuz. Traders are betting on reduced geopolitical risk.

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