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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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Bakken Wire Afternoon Briefing Thursday, October 8, 2026

1. Headlines

Oil prices surged today, with WTI settling at $91.14, up $2.86 (3.24%), and Brent at $103.83, up $3.63 (3.62%), according to price data. Multiple sources are attributing the gains to escalating geopolitical tensions and hurricane-related supply disruptions. Rigzone reports crude posted its biggest gain in a month amid Middle East tensions and hurricane-related production cuts. OilPrice.com details that Hurricane Isaias has forced the shut-in of 1.28 million barrels per day of U.S. Gulf oil production, a sharp increase from earlier this week.

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