WTI Crude--
Brent Crude--
Natural Gas--
ND Rig Count--
WTI Crude--
Brent Crude--
Natural Gas--
ND Rig Count--
BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·
Listen
0:00 / 4:29

Afternoon Energy Market Briefing Monday, September 28, 2026

1. Headlines

Crude oil prices are sharply higher today. Brent crude was up more than 3% in intraday trading, according to Rigzone, and is currently quoted at $98.70, a gain of $1.26. WTI followed suit, rising $1.02 to $93.43. The primary driver cited across reports is the ongoing geopolitical standoff in the Middle East, specifically Iran's firm stance on its conditions for reopening the Strait of Hormuz. A Rigzone wire report states Iran "won't soften its conditions," while President Trump is sending "mixed signals" about a deal.

Create a free account to continue reading

Sign up for free to get full access to Bakken Wire's daily energy market analysis, audio briefings, and more.

Create Free Account

Already have an account? Sign in

Share this article

PostShareShareEmail

Related Articles

The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Energy Market Briefing Monday, September 28, 2026 Headlines Oil prices are sharply higher today. As of midday, WTI crude is up 2.62% to $94.83, while Brent crude has gained 2.25% to $99.63, with Rigzone reporting Brent was up more than three percent in intraday trading. The immediate catalysts are ongoing supply concerns from the Middle East. Iran remains firm on its demands for reopening the Strait of Hormuz, according to Rigzone, and QatarEnergy has extended its force majeure on LNG deliveries through the end of November, as reported by OilPrice.com. This protracted blockage continues to tighten global energy supply. Natural gas prices are seeing slight downward pressure, trading at $3.11. The focus remains on the global scramble for LNG not dependent on the Strait of Hormuz. OilPrice.com reports that high freight costs have closed the arbitrage for U.S. LNG shipments to Asia, pushing more spot cargoes toward Europe. This comes...

🔆Midday Wire·Sep 28
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Energy Market Briefing Monday, September 28, 2026 1. Headlines Oil prices are rallying sharply today. As of this morning, WTI crude is at $95.74, up 3.6% (+$3.33), while Brent crude has surpassed $100 to $100.52, a gain of 3.16% (+$3.08). The immediate catalyst, according to reports from Rigzone and OilPrice.com, is a renewed stalemate between the U.S. and Iran over the reopening of the Strait of Hormuz. President Donald Trump rejected an Iranian proposal over the weekend, and Iran has reportedly stuck to its conditions for reopening the crucial waterway. The geopolitical tension is also impacting European natural gas markets. While U.S. natural gas prices are down slightly to $3.14, Europe's benchmark TTF gas futures rose over 2% in early Monday trading, according to OilPrice.com. The concern centers on constrained LNG shipments from the Strait of Hormuz and historically low gas storage levels in Europe; EU-wide storage is reported at...

☀️Morning Wire·Sep 28
Global Markets

Global Tensions, Europe's Gas Diversification Shape Bakken Market Context

Global energy supply tensions and Europe's continued diversification away from Russian gas are shaping the market environment for Bakken crude as the winter season approaches. Key developments include a stalemate over the Strait of Hormuz, attacks on Russian refineries, and Germany's declaration of supply security despite low gas storage levels, according to wire reports. Iran remained firm on its seven-day proposal for reopening the crucial Strait of Hormuz on Monday, September 28, saying it won't soften its conditions, Rigzone reported. The chokepoint for seaborne oil exports from the Persian Gulf is a perennial source of geopolitical risk premium for global crude benchmarks, which directly influence the price of Bakken crude. Meanwhile, Ukraine said it hit two more Russian oil refineries on September 25, as the warring countries continue strikes against each other's energy assets, according to a separate Rigzone summary. Such attacks have the potential to tighten global refined product...

☀️Morning Wire·Sep 28