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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 Friday, July 31, 2026

1. Headlines

Oil prices are edging higher today, with WTI at $84.30 (+0.85%) and Brent at $89.93 (+1.01%). Headlines cite ongoing geopolitical tensions and a significant weekly drawdown in U.S. crude inventories as primary drivers. According to the EIA's latest weekly report, U.S. commercial crude stocks, excluding the Strategic Petroleum Reserve, fell by more than 7 million barrels to 404.5 million barrels (Rigzone).

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