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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 Saturday, August 22, 2026

1. Headlines

Oil prices are holding at elevated levels, with Brent crude at $94.39 and WTI at $87.06, according to price data. Market reports from Rigzone attribute the strength to ongoing geopolitical tensions and robust Asian demand, specifically citing the "Iran conflict" as a constraint on global supplies. One report states that new U.S. threats against Iran have raised fears of a prolonged conflict, pushing prices higher.

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