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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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Energy Market Briefing for Bakken Wire July 4, 2026

1. Headlines

Oil prices are flat in thin Independence Day trading, with WTI at $68.78 and Brent at $72.13. The Bakken differential holds steady at -$3.42 vs. WTI. According to a Reuters survey cited by OilPrice.com, OPEC production rebounded sharply in June, jumping by 3.3 million barrels per day (bpd) from May's multi-decade lows as Gulf producers restarted shut-in wells. The gains were led by Kuwait and Iran, the latter benefiting from a temporary U.S. naval blockade lift.

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