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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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Afternoon Energy Market Briefing for Bakken Wire Date: Monday, August 17, 2026

1. Headlines

Oil prices surged over 3% today, with WTI settling at $84.91 and Brent at $91.08. As reported by Rigzone, the primary driver cited is persistent geopolitical risk across the Middle East, specifically the dimming prospects for peace between the U.S. and Iran. Concurrently, Reuters (via OilPrice.com) reports Russia is experiencing a spreading domestic fuel shortage, with at least 10 regions facing restrictions. In response, Russia has imported its first-ever gasoline cargo from India and is seeking more, as Ukrainian drone attacks continue to knock refining capacity offline.

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