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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 Afternoon Briefing Friday, August 14, 2026

1. Headlines

Oil prices closed higher today, with WTI up 1.46% to settle at $82.44 and Brent gaining 1.71% to $88.56. The move is attributed to continued geopolitical tension and supply concerns. According to Rigzone, Indian state-owned refiners have entered "panic buying mode," seeking spot crude unusually far in advance due to uncertainty from Ukrainian attacks on Russian energy assets and a stalemate over the Strait of Hormuz.

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