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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 Energy Briefing Sunday, July 26, 2026

1. Headlines

Oil prices are sharply lower today. As of midday, WTI is trading at $89.31, down $2.88 (-3.12%), while Brent is at $96.78, down $3.91 (-3.88%). According to reports from Rigzone, the decline follows headlines suggesting renewed diplomatic efforts between the U.S. and Iran and indications that some oil continues to flow through the Red Sea, easing immediate supply fears. This pullback comes after Brent briefly topped $100 per barrel earlier in the week.

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