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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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Energy Market Briefing Friday, October 9, 2026

1. Headlines

Oil prices are marginally higher today, with WTI at $91.61 and Brent at $104.3, as reported supply risks compete with bearish political signals. According to Rigzone, prices are edging up due to Middle East tanker attacks and Hurricane Isaias in the Gulf of Mexico, which has forced the evacuation of 129 platforms and shut in roughly two-thirds of offshore production (1.3 million barrels per day). However, a report from OilPrice.com notes that former President Donald Trump has ruled out strikes on Iran before the November midterm elections, a move that temporarily reduced geopolitical premiums and pulled Brent back from near $110.

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