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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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DAILY ENERGY BRIEFING
For Bakken Wire | Wednesday, July 29, 2026

1. HEADLINES

Oil prices surged sharply today. WTI crude closed at $84.66, up $5.40 (6.81%), while Brent rose $6.56 to $90.65. According to a report from Rigzone, the move was triggered by renewed military action between the U.S. and Iran, reigniting fears over Middle East energy supplies. President Trump stated the U.S. "will strike Iran hard" following an attack targeting a base in Jordan, as reported by Rigzone. Natural gas saw a minor uptick to $2.73.

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