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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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Date: Friday, July 31, 2026 To: Bakken Wire Readers Subject: Afternoon Energy Market Briefing

1. Headlines

Oil prices are modestly higher today, with WTI up 1.15% to $84.55 and Brent up 1.22% to $90.12 (OilPrice.com, Rigzone). The move comes despite a significant 7-million-barrel drawdown in U.S. commercial crude inventories reported by the EIA, highlighting a tight physical market (Rigzone). The market's primary focus remains geopolitical risk, centered on the Middle East.

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