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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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Bakken Wire Daily Briefing Friday, July 10, 2026

1. Headlines

Oil prices are modestly higher this morning, with WTI at $72.50 and Brent at $76.84, as the market digests conflicting signals on Middle East tensions. According to multiple reports from OilPrice.com, prices rallied earlier this week on renewed fears over the security of shipments through the Strait of Hormuz following U.S. strikes on Iranian military targets and retaliatory Iranian attacks on U.S. bases. The International Energy Agency (IEA) warned today that this re-escalation "could upend" its forecast for an oil market surplus next year.

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