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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 July 24, 2026

1. Headlines

Oil prices are pulling back sharply today after a volatile week that saw Brent crude surge above $100 per barrel. As of this afternoon, WTI is trading at $90.5 (down 1.83%) and Brent at $98.26 (down 2.41%). The reported catalyst is a weekly EIA inventory report showing a surprise build in U.S. crude stocks to 411.7 million barrels, according to Rigzone. This data provided a counterweight to the geopolitical risk premium that had dominated trading.

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