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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 Saturday, July 18, 2026

1. Headlines

Oil prices are surging sharply in midday trading. As of this briefing, WTI is up $3.50 to $81.78 per barrel, a 4.47% gain, while Brent has jumped $3.87 to $88.10. According to Rigzone, the move is driven by "fears of a wider Iran war" as traders boost bullish bets amid heightened geopolitical tensions. Market sentiment is focused on risks to global energy flows.

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