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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·

Energy Market Briefing Tuesday, July 7, 2026

1. Headlines

Oil prices are edging higher this morning with WTI at $69.14 (+0.86%) and Brent at $72.75 (+1.06%), according to market data. This slight rebound follows a drop to five-month lows yesterday, which Rigzone reports was triggered by Saudi Arabia’s sharp cut to its official selling prices for Asian customers. The reported cut of up to $11 per barrel for August shipments is described by analysts as the sharpest in decades.

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