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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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Bakken Wire Midday Briefing Thursday, May 14, 2026

1. Headlines

Oil markets are consolidating after recent gains, with WTI trading at $100.67 (-0.35%) and Brent at $104.64 (-0.94%). The modest pullback follows a significant 4+ million barrel draw in U.S. commercial crude stocks reported by the EIA, a bullish fundamental signal that is being offset by broader demand concerns. According to Rigzone, delegates from key OPEC+ member states state the group plans to complete a series of production quota increases over the coming months, adding a bearish overhang to prices.

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