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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 BRIEFING August 13, — 2026

1. Headlines

Crude prices are down modestly midday, with WTI at $82.64 (-0.76%) and Brent at $88.40 (-0.65%). According to Rigzone, prices are steadying as the ongoing stalemate over the Strait of Hormuz offsets bearish U.S. inventory data. The primary narrative, per OilPrice.com, is a market caught between fears of a supply crunch and hopes for a diplomatic resolution. Iran and the U.S. continue to offer conflicting claims over who controls the Strait, with Iran stating it will remain closed unless U.S. war conditions are met, and President Trump claiming "total control."

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