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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 BRIEFING Thursday, October 15, 2026

1. Headlines

Oil prices are mixed today, with WTI crude showing significant strength. As of midday, WTI is trading at $96.3, up $2.4 (+2.56%). In contrast, Brent crude is essentially flat at $105.98, down a marginal $0.08. The primary catalyst for WTI’s rise is a substantial drawdown in U.S. crude inventories reported by the U.S. Energy Information Administration (EIA). The EIA data shows commercial stockpiles fell by 8.6 million barrels last week, bringing total inventories to 415.6 million barrels (OilPrice.com). This follows an even larger reported draw of 11.12 million barrels from the API a day earlier.

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