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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 Energy Market Briefing - July 24, 2026

1. Headlines

Oil prices are sharply lower in midday trading, with WTI down over 4% to $88.40 and Brent falling to $96.05. The sell-off follows yesterday's surge above $100 per barrel, which was driven by Houthi attacks on Saudi tankers. Today's pullback is being attributed by traders to a combination of profit-taking and the latest U.S. inventory data from the EIA, which showed a weekly build in crude stocks to 411.7 million barrels (Rigzone).

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