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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 Market Briefing Wednesday, September 30, 2026

1. Headlines

Oil prices are sharply higher today, with WTI up 2.17% to $91.32 and Brent up 2.72% to $98.78. The rally is attributed to a combination of rising analyst price forecasts, ongoing tensions around the Strait of Hormuz, and a tightening global diesel market. A new Reuters poll shows analysts have raised their 2026 average Brent forecast to $89.05 and WTI to $83.90, citing expectations that Hormuz disruptions will persist. Meanwhile, Iran issued a direct threat, warning via state TV that "no energy infrastructure will be safe" if it cannot sell its oil.

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