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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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Bakken Wire Midday Briefing Saturday, September 5, 2026

1. Headlines

Oil prices are holding steady at elevated levels today. As of midday, WTI crude is at $91.48 per barrel, with Brent at $96.28. This follows a week where, according to Rigzone, oil ended 9.7% higher due to renewed US-Iran tensions keeping supply risks from the Strait of Hormuz elevated. Supporting the market, U.S. crude inventories (excluding the SPR) dropped week-on-week to 424.5 million barrels as of August 28, according to the EIA.

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