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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 Monday, October 5, 2026

1. Headlines

Oil prices are retreating slightly in midday trading, with WTI down 1% to $90.20 and Brent down just over 1% to $101.19, according to price data. Natural gas is marginally higher at $3.07. The modest pullback comes despite significant supply-side warnings from Saudi Aramco CEO Amin Nasser, who stated global oil inventories are "scarily thin" after the loss of nearly 3 billion barrels of gross supply since the Iran war began, as reported by OilPrice.com and Rigzone.

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