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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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Daily Energy Briefing for Bakken Wire Sunday, May 24, 2026

1. Headlines

Oil markets are holding steady at elevated levels this morning, with WTI trading at $96.60 and Brent at $100.21. The modest gains follow a week of significant volatility, driven primarily by developments in the Iran conflict. Reuters and Rigzone report that prices have been swinging on hopes for peace talks, while continued Ukrainian drone strikes on Russian refineries (like the Yaroslavl facility) and a major draw in U.S. crude inventories—down nearly 8 million barrels according to the EIA—provide underlying support.

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