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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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Midday Energy Market Briefing for Bakken Wire Saturday, July 25, 2026

1. Headlines

Crude prices are sharply lower today, with WTI down over 3% to $89.31 and Brent retreating from the $100 threshold to $96.78. According to Rigzone, the sell-off follows reports of renewed U.S.-Iran diplomatic talks and observations that oil continues to flow through the Red Sea, easing immediate fears of a major supply disruption. The market is also digesting a reported build in U.S. crude inventories, with the EIA showing stocks (ex-SPR) at 411.7 million barrels as of last week.

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