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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 MARKET BRIEFING Thursday, October 22, 2026

1. HEADLINES

Oil prices are sharply higher today, with significant geopolitical tension cited as the primary driver. According to Rigzone, a senior market analyst at VT Markets Dubai stated that both WTI and Brent prices rose intraday "as escalating tensions in the Middle East revived concerns over Gulf supply." WTI crude settled at $99.12, up $1.97 (2.03%), while Brent crude gained $4.10 to reach $112.92, a 3.77% increase. The Bakken differential to WTI is -$3.42. Natural gas saw minimal change, down $0.01 to $2.78.

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