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BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·
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Date: Friday, September 4, 2026

1. Headlines

Crude oil prices are mixed in a tight range today, with WTI down 0.44% to $90.90 and Brent slightly up to $95.58, according to price data. The U.S. Energy Information Administration (EIA) reported a weekly draw in crude oil inventories, with stocks, excluding the Strategic Petroleum Reserve, at 424.5 million barrels as of August 28. A report from Rigzone notes that despite fresh strikes involving Iran, which have provided support, prices are being offset by signals of easing market tightness.

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