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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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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.

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