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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 Tuesday, September 29, 2026

1. Headlines

Oil prices are under significant pressure today. WTI crude fell nearly 4% to settle at $88.91, while Brent dropped to $95.65. The price decline coincides with two major government actions aimed at addressing high fuel costs. First, the U.S. Department of Energy announced it will offer another 40 million barrels of crude from the Strategic Petroleum Reserve (SPR) via an exchange, marking the final tranche of a coordinated International Energy Agency release. Second, the Trump administration finalized a significant weakening of federal automobile fuel economy standards, as reported by Rigzone.

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