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WTI Crude--
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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: July 9, 2026

1. Headlines

Oil prices are sharply lower today, erasing yesterday's gains. As of midday, WTI crude is down 2.01% to $72.04, with Brent falling 1.95% to $76.50. The Bakken differential stands at -$3.42 vs WTI. According to Rigzone, this sell-off comes despite a second day of U.S. airstrikes on Iranian targets, which had initially driven prices to two-week highs. The Energy Information Administration (EIA) reported a weekly build in U.S. crude oil inventories, with stocks (excluding the SPR) rising to 411.4 million barrels.

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