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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, November 6, 2026

1. Headlines

Oil prices are consolidating after a steep weekly decline. As of today, WTI is at $90.45 and Brent at $97.80, with both benchmarks showing minor daily losses, according to price data. However, Rigzone reports this week’s drop is the biggest weekly decline since 2022, with Brent down roughly $20 from the prior week. The stated reasons from traders, per Rigzone, include weighing Iran diplomacy, recovering Gulf exports, and broader market weakness.

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