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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 BRIEFING: BAKKEN WIRE Afternoon Update | Sunday, August 2, 2026

1. Headlines

Markets are quiet this Sunday afternoon, with prices unchanged from Friday's close. WTI holds at $84.67 and Brent at $90.12, capping a strong month driven by geopolitical supply concerns. The key data point remains the EIA’s reported draw of over 7 million barrels from U.S. commercial crude stocks for the week ending July 24, a bullish signal for physical tightness. Geopolitically, Ukraine claimed another successful drone attack on a major Russian Lukoil refinery, continuing a campaign that has disrupted Russian fuel exports.

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