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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·
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Date: Saturday, September 5, 2026

1. Headlines

Crude oil prices are holding near recent highs, with Brent crude rising 0.8% to $96.28 and WTI gaining 0.2% to $91.48. According to summaries from Rigzone, oil ended a volatile week 9.7% higher, with markets supported by renewed U.S.-Iran fighting that keeps supply risks in the Strait of Hormuz elevated. In inventory news, the EIA reported U.S. crude oil stocks (excluding the SPR) fell to 424.5 million barrels as of August 28.

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