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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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Date: Tuesday, October 6, 2026

1. Headlines Oil prices are steadying after recent gains, with Brent crude trading above $101 per barrel and WTI just below $90, according to price data. The market is caught between competing forces: rising Middle East exports and persistent concerns over tanker attacks and tight global supplies, as reported by Rigzone. A key voice in the market, Vitol CEO Russell Hardy, stated that oil inventories in Western countries have been "exhausted" as a result of the ongoing war in Iran, a claim reported by Rigzone.

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