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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·
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Energy Market Briefing Thursday, May 21, 2026

1. Headlines

Oil prices are rebounding sharply this morning after yesterday's sell-off. WTI crude is up 2.3% to $100.51, and Brent is up 1.8% to $106.86. This follows a significant plunge yesterday, which Rigzone attributed to former President Trump signaling progress toward a possible Iran deal. The rally today is being fueled by a stark warning from consultancy Wood Mackenzie, as reported by Rigzone, which said its analysis indicates Brent crude could approach $200 per barrel by the end of 2026.

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