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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 Monday, October 26, 2026

1. Headlines

Oil prices are lower this afternoon, with WTI crude down 1.9% to $101.31 and Brent crude down 1.34% to $110.20, according to price data. The Bakken crude differential stands at -$3.42 against WTI. The primary focus in financial headlines is a politically sensitive gasoline price milestone: Reuters, citing AAA data, reports that the average price of regular gasoline during President Trump's current term has now marginally surpassed the average during President Biden's tenure, reaching $3.472 versus $3.471 per gallon. The national average as of today is approximately $4.29, driven largely by the ongoing conflict with Iran which began in February.

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