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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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Energy Market Briefing Thursday, September 24, 2026

1. Headlines

Oil prices surged today, with WTI crude closing at $94.77, a gain of $2.61 or 2.83%, and Brent crude jumping to $107.05, up $3.97 or 3.85%. Natural gas also rose $0.17 to $3.32. The primary driver cited is a tightening of physical supply to Asia, with unnamed traders reporting to Rigzone that Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week. Qatar has also reportedly ramped up LNG tanker traffic through the Strait of Hormuz to its highest level in over two months.

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