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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 Tuesday, October 20, 2026 | Midday Update

1. Headlines

Oil prices are pulling back from recent highs despite persistent geopolitical tensions. As of midday, WTI crude is trading at $97.62, down 0.93%, while Brent crude is at $108.42, down 1.03% (OilPrice.com). The price retreat is being attributed to technical resistance and the expiry of the November WTI contract, which saw a narrowing of the Brent-WTI spread to approximately $5 (OilPrice.com).

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