WTI Crude$--/bbl▲ +0.00 (+0.00%)
Brent Crude$--/bbl▲ +0.00 (+0.00%)
Natural Gas$--/MMBtu▲ +0.00 (+0.00%)
ND Rig Count--▲ +0 WoW
WTI Crude$--/bbl▲ +0.00 (+0.00%)
Brent Crude$--/bbl▲ +0.00 (+0.00%)
Natural Gas$--/MMBtu▲ +0.00 (+0.00%)
ND Rig Count--▲ +0 WoW
BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·

Date: Sunday, May 3, 2026

1. Headlines

Oil prices retreated on Friday, with WTI crude falling nearly 3% to settle at $101.94 and Brent at $108.17. The drop is widely attributed by financial press, including Bloomberg via Rigzone, to thin holiday trading and a fragile diplomatic stalemate between the U.S. and Iran. While Tehran delivered a new proposal via Pakistan, President Trump maintained a pessimistic tone and the U.S. naval blockade, keeping the Strait of Hormuz effectively closed.

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