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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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DAILY ENERGY BRIEFING Thursday, October 1, 2026

1. HEADLINES

Crude oil prices surged today, with Brent crude breaking back above $100 per barrel. According to Rigzone, oil jumped on renewed US-Iran tensions and fears of Middle East supply disruptions, with Brent rising $4.27 to $102.30 and WTI gaining $2.53 to $92.95. The price move widened the Brent-WTI spread to nearly $10.

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