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BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·
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DAILY BRIEFING: SATURDAY, MAY 9, 2026

1. Headlines

Oil prices are edging higher this morning, with WTI at $95.42 and Brent above $101. According to reports from Bloomberg via Rigzone, the modest gains are attributed to fresh skirmishes between U.S. and Iranian forces in the Persian Gulf, which are dimming hopes for a swift peace deal and keeping the Strait of Hormuz effectively closed. U.S. Secretary of State Marco Rubio stated Iran is expected to respond imminently to the latest U.S. peace proposal.

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