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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 Energy Briefing Thursday, September 10, 2026

1. Headlines

Oil prices are surging sharply today. As of midday, WTI crude is trading at $101.59 per barrel, up $5.54 (5.77%), while Brent crude is at $106.90, up $5.69 (5.62%), according to price data. The rally follows the weekly U.S. inventory report from the Energy Information Administration (EIA), which showed a draw of 400,000 barrels in commercial crude stocks for the week ending September 4, bringing inventories in line with the five-year average. This aligned with the prior American Petroleum Institute (API) estimate of a 300,000-barrel draw.

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