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·

Bakken Wire Morning Briefing Date: Friday, May 29, 2026

1. Headlines

Crude oil prices are down sharply this morning, with WTI at $87.75 and Brent at $91.30. According to reports from OilPrice.com and Rigzone, the selloff is being driven by a tentative diplomatic breakthrough between the U.S. and Iran. A single unnamed source cited by Rigzone states the two sides have agreed to renew a ceasefire for 60 days and launch further talks on Tehran's nuclear program. This news is prompting traders to unwind the geopolitical risk premium that has supported prices for months.

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