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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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Energy Market Briefing Wednesday, August 5, 2026 | Midday Update

1. Headlines

Oil markets are in a holding pattern today with mixed price action. As of midday, WTI is essentially flat at $75.75, while Brent has gained 0.48% to $79.74, according to price data. This follows a major selloff on Tuesday, which Rigzone reports pushed Brent to a three-week low on revived hopes for a deal to reopen the Strait of Hormuz. Natural gas is marginally lower at $2.67.

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