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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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Morning Energy Market Briefing Thursday, October 1, 2026

1. Headlines

Oil prices are rising this morning despite reports of a recovery in Middle East flows. WTI crude is trading at $91.72, up $1.30 (1.44%), while Brent crude has gained $2.10 to reach $100.13. The Bakken differential to WTI is -$3.42. According to Rigzone, this price strength comes even as analysts at J.P. Morgan flag a "remarkable recovery" for the oil market, with Middle East export arteries "flowing again" and shipments through the Strait of Hormuz nearing pre-war levels.

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