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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 Date: Thursday, July 30, 2026

1. Headlines

Oil prices retreated today amid conflicting signals from the Middle East. WTI fell 0.62% to $83.94, while Brent dropped 1.42% to $89.45. According to Rigzone, the dip was driven by increased shipping traffic through the Strait of Hormuz, which offset concerns over escalating regional tensions. Natural gas edged up slightly to $2.75.

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