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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 | Saturday, July 25, 2026

1. Headlines

Crude prices are sharply lower this morning, pulling back from recent highs. WTI is down 3.12% to $89.31, and Brent is down 3.88% to $96.78, according to market data. Rigzone reports this decline follows news of potential U.S.-Iran diplomatic talks and observations that oil continues to flow through the Red Sea despite Houthi threats, easing immediate supply fears. The pullback comes after Brent briefly traded above $100 this week.

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