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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 Daily Briefing Wednesday, September 16, 2026

1. Headlines

Oil prices are under significant pressure in today's session, with WTI crude down $3.49 (-3.3%) to $102.34 and Brent crude down $3.47 (-3.19%) to $105.28. The sell-off comes despite multiple bullish geopolitical headlines and follows the release of U.S. inventory data. The Energy Information Administration (EIA) reported a modest 600,000-barrel draw in commercial crude stocks for the week ending September 11, a figure that contradicted the American Petroleum Institute's (API) prior report of a 7.14-million-barrel build. The EIA data also showed a continued softness in fuel demand, with total product supplied over the last four weeks down 0.6% year-over-year.

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