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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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DAILY ENERGY BRIEFING Monday, September 14, 2026

1. Headlines

Oil prices are sharply higher today, with Brent crude trading at $107.38 and WTI at $102.84, representing gains of over 2.6%. According to Saxo Bank, Brent spiked as high as $108.49 during the Asian trading session. The rally is being widely attributed to a significant attack on Saudi Arabia's critical East-West Pipeline. OilPrice.com reports that drone attacks damaged pumping infrastructure, forcing Saudi Arabia to shut the pipeline as a precautionary measure. The pipeline had been a key alternative export route, moving an estimated 5-7 million barrels per day to the Red Sea, after Iran choked off tanker traffic through the Strait of Hormuz.

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