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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 for Thursday, August 13, 2026

1. Headlines

Oil prices are sharply lower today. As of this afternoon, WTI crude is down 2.49% to $81.20, and Brent is down 2.23% to $87.00, according to market data. Rigzone attributes the sell-off to stalled diplomatic talks with Iran and traders assessing rising U.S. inventories and shipments through the Strait of Hormuz. OilPrice.com reports Russia’s diesel and gasoil exports crashed to a multi-year low of just 80,000 barrels per day in early August, extending restrictions due to Ukraine’s ongoing drone campaign against Russian refineries.

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