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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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Midday Energy Market Briefing Thursday, September 17, 2026

1. Headlines

Oil prices are retreating today. As of midday, WTI is down 1.54% to $100.85, with Brent down 2.49% to $103.19. According to reports from OilPrice.com and Rigzone, the drop is attributed to two main factors: signs of potential de-escalation in the Red Sea conflict after China reportedly pressed Iran to rein in Houthi forces, and a perceived improvement in Saudi Arabia's supply outlook. Sources indicate Saudi Arabia is claiming the ability to restore half the capacity of its damaged East-West pipeline within days and is finding alternative ways to move crude, easing some concerns about prolonged Middle East supply disruptions.

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