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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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Afternoon Energy Market Briefing Tuesday, October 27, 2026

1. Headlines

Oil prices are down today, with WTI crude closing at $100.17, a drop of 1.56% or $1.59. Brent crude followed, falling 0.91% to $109.73. The sell-off occurred despite a reported drawdown in U.S. crude oil inventories. According to the American Petroleum Institute (API), commercial crude stocks fell by 2.031 million barrels for the week ending October 23, though this was a smaller draw than the prior week's 4.93 million barrel decrease. Distillate inventories, which include diesel, rose by a modest 380,000 barrels.

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