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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 ENERGY BRIEFING | THURSDAY, JULY 23, 2026

1. HEADLINES

Oil prices have surged into triple-digit territory today. Brent crude breached $100 per barrel for the first time in nearly two months, trading at $100.34 (+6.67%), while WTI jumped to $92.06 (+6.02%), according to price data. The immediate catalyst cited across financial and industry media, including OilPrice.com and Rigzone, is an escalation in Red Sea attacks. The Houthi militant group has claimed strikes on two Saudi oil tankers in the Bab el-Mandeb Strait and declared a naval blockade of Saudi exports, raising fears of a prolonged disruption to this critical alternative shipping route.

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