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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 Monday, July 27, 2026

1. Headlines

Oil markets are sharply lower today, with WTI falling 8.24% to $81.95 and Brent down 9.34% to $87.74. The immediate narrative, per analysts cited by Rigzone and Zaye Capital Markets, is a reduction in the geopolitical risk premium following a reported lull in fighting between the U.S. and Iran and the resumption of talks mediated by Oman regarding the Strait of Hormuz. Concurrently, a major supply disruption has been resolved, with Kazakhstan restarting crude exports through the Caspian Pipeline Consortium (CPC) terminal on the Black Sea after a week-long shutdown due to drone attacks.

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