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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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Energy Market Briefing Monday, September 28, 2026

Headlines

Oil prices are sharply higher today. As of midday, WTI crude is up 2.62% to $94.83, while Brent crude has gained 2.25% to $99.63, with Rigzone reporting Brent was up more than three percent in intraday trading. The immediate catalysts are ongoing supply concerns from the Middle East. Iran remains firm on its demands for reopening the Strait of Hormuz, according to Rigzone, and QatarEnergy has extended its force majeure on LNG deliveries through the end of November, as reported by OilPrice.com. This protracted blockage continues to tighten global energy supply.

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