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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 Friday, October 2, 2026

1. Headlines

Oil prices are selling off sharply this morning. As of the data, West Texas Intermediate (WTI) crude is trading at $89.52, down $3.35 or 3.61% for the day. Brent crude has fallen below $100 to $99.87, a drop of 2.38%. The selloff is being widely attributed to reports that European governments are discussing another coordinated release of emergency oil stocks. According to OilPrice.com, this follows U.S. pressure on allies, particularly Germany and France, to put more barrels and diesel onto the global market to ease a fuel crunch.

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