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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 Market Briefing Saturday, August 1, 2026

1. Headlines

Oil prices are higher today, with WTI gaining 1.3% to $84.67 and Brent rising to $90.12, according to Rigzone and price data. This extends a strong month for crude, with Rigzone reporting July as Brent's strongest month since March, driven by geopolitical supply concerns. The rally comes despite a seemingly muted immediate reaction to a reported attack on Saudi Arabia's critical Abqaiq oil-processing facility earlier this week, as detailed by OilPrice.com.

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