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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 Friday, November 6, 2026

1. Headlines

Oil prices are trading lower midday, with WTI down 0.52% to $90.05 and Brent down 0.95% to $97.36, according to price data. This continues a volatile week, with sources citing a 15% weekly plunge in Brent to around $99 per barrel on expectations of U.S.-Iran diplomatic progress. The sell-off occurred despite reports that attacks in the Strait of Hormuz continue. Accompanying this bearish sentiment, Saudi Aramco slashed its December official selling prices (OSPs) for all Asian grades by a uniform $2 per barrel.

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