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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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Bakken Wire Energy Briefing Friday, August 7, 2026

1. Headlines

Oil prices were effectively flat in today's session, with WTI closing at $77.32 and Brent at $82.47, as reported by Rigzone. The market appears to be in a holding pattern, balancing persistent geopolitical tensions in the Strait of Hormuz against ongoing, but so far fruitless, diplomatic efforts to secure a deal. According to Rigzone, the weekly EIA report showed a build in U.S. commercial crude stocks to 407.0 million barrels.

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