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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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Bakken Wire Afternoon Briefing Thursday, July 9, 2026

1. Headlines

Oil prices are sharply lower today. As of this afternoon, WTI crude is down 2.33% to $71.81, with Brent falling 2.51% to $76.06. Rigzone attributes the sell-off to traders betting that the U.S.-Iran conflict will remain limited. This sentiment is seemingly supported by a drop in demand for specialized ship insurance to transit the Strait of Hormuz, as also reported by Rigzone.

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