WTI Crude--
Brent Crude--
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WTI Crude--
Brent Crude--
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ND Rig Count--
BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·

DAILY ENERGY BRIEFING Monday, May 18, 2026

1. HEADLINES

Oil prices are moving sharply higher today. According to reports from OilPrice.com, WTI crude is up nearly 2% to trade above $103 per barrel, while Brent crude is up 1.67% to over $111. The stated catalyst is renewed geopolitical tension, with President Trump issuing a stark warning to Iran following reports of attacks on shipping and energy infrastructure in the Middle East Gulf.

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