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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·
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Energy Market Briefing for Bakken Wire Friday, September 11, 2026

1. Headlines

Oil prices are retreating from multi-month highs this morning, with WTI trading at $99.1 per barrel, down $3.38 (-3.3%), and Brent at $103.84, down $3.79 (-3.52%), according to price data. This pullback follows a significant rally that pushed Brent above $107 earlier in the week, as reported by Rigzone. The stated catalyst for the recent surge was escalating Middle East tensions, specifically a plunge in visible shipping traffic through the critical Strait of Hormuz. Data from Kpler, cited by OilPrice.com, shows only seven vessels transited the strait in the past 24 hours, down from a recent average of 15.

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