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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 Midday Briefing Tuesday, September 29, 2026

1. Headlines Oil prices are pulling back sharply today, with WTI down 2.27% to $90.50 and Brent down 1.33% to $96.53. According to OilPrice.com, the drop is being attributed to two main factors: the renewed prospect of U.S.-Iran negotiations, which could ease supply tensions, and the restart of Saudi Arabia's East-West pipeline with first loadings from Yanbu, which is adding physical barrels to the market. Natural gas is also lower, trading at $3.06.

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