WTI Crude$--/bbl▲ +0.00 (+0.00%)
Brent Crude$--/bbl▲ +0.00 (+0.00%)
Natural Gas$--/MMBtu▲ +0.00 (+0.00%)
ND Rig Count--▲ +0 WoW
WTI Crude$--/bbl▲ +0.00 (+0.00%)
Brent Crude$--/bbl▲ +0.00 (+0.00%)
Natural Gas$--/MMBtu▲ +0.00 (+0.00%)
ND Rig Count--▲ +0 WoW
BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·

Energy Market Briefing for Friday, May 29, 2026

1. Headlines

Oil prices are down sharply today, with WTI falling 1.48% to $87.58 and Brent dropping 1.65% to $91.17. According to multiple reports from OilPrice.com and Rigzone, the weekly decline is the largest in two months, driven by market optimism that the U.S. and Iran will formally agree to a 60-day ceasefire extension and a temporary deal to reopen the Strait of Hormuz. A single unnamed source cited by Rigzone states a tentative 60-day truce renewal has been reached.

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