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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 Friday, August 28, 2026

1. Headlines

Oil prices are slightly lower in afternoon trading. West Texas Intermediate (WTI) crude is at $83.33 per barrel, down 0.24%, while Brent crude sits at $88.18, down 0.38%. According to Rigzone, this follows a prior session where prices rose on fading hopes for a broader U.S.-Iran agreement. The U.S. Energy Information Administration (EIA) reported a slight build in crude inventories, with stocks, excluding the Strategic Petroleum Reserve, at 428.9 million barrels as of August 21.

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