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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 Thursday, November 5, 2026

1. Headlines

Oil prices are rebounding sharply today after a significant sell-off. As of midday, WTI crude is trading at $90.01, up $1.89 or 2.14%, while Brent is at $96.60, up $1.98 or 2.09% (Oil & Gas Prices data). This follows reports that oil prices "tumbled" by eight percent in the previous session after the U.S. midterm elections, according to Saxo Bank (Rigzone Source 13). The stated reason for the prior drop was a shifting political outlook on the Iran conflict, with pressure mounting to end the war and restore energy flows (Rigzone Source 15).

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