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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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Date: Saturday, August 1, 2026

1. Headlines

Oil prices are higher to start the month, with WTI at $84.67 and Brent at $90.12, capping a strong July. The monthly gain, cited by Rigzone as the strongest since March, is being attributed to ongoing geopolitical supply risks. Headlines are dominated by massive Q2 earnings from the supermajors, with ExxonMobil and Chevron reporting a combined $26.5 billion in profit, drawing direct scrutiny from the White House.

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