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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 Saturday, October 17, 2026

1. Headlines

Oil prices are sharply higher today, with Brent crude surging past $110 per barrel and WTI closing in on $100. Brent settled at $109.86, up $3.94 or 3.72%, while WTI rose $2.52 to $99.02. The move extends a rally fueled by mounting Middle East supply risks, as reported by Rigzone. The price divergence noted earlier in the week, where WTI outperformed Brent, appears to have reversed with today's broad-based surge.

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