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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 for Bakken Wire Date: Thursday, July 23, 2026

1. Headlines

Oil prices are rocketing higher this morning, with WTI up over 4% to $90.60 and Brent approaching $93. According to OilPrice.com and Rigzone, this marks the fifth consecutive day of gains, with prices up nearly 20% over roughly two weeks. The immediate catalyst is a claimed Houthi attack on two Saudi oil tankers in the Bab el-Mandeb Strait, a critical Red Sea chokepoint. The Houthi spokesman stated the attacks were a response to a declared naval blockade, causing at least two vessels to turn away.

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