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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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Afternoon Energy Market Briefing Monday, July 6, 2026

Headlines

Oil prices are under pressure today, with WTI holding just above $68 and Brent near $72. According to Rigzone, prices fell to five-month lows following a significant price cut by Saudi Arabia on its flagship crude. Simultaneously, Rigzone reports Russia's crude price has retreated to pre-Iran War levels. These headline price moves are attributed to concerns over oversupply as key producers compete for market share.

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