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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 Monday, October 5, 2026

1. Headlines

Markets are mixed today, with Brent crude slightly higher at $102.71 while WTI falls 0.76% to $90.42. Natural gas is stable at $3.05. The main focus is on the fallout from the G7's coordinated pledge to release 100 million barrels of crude and diesel stocks over the next four months. According to OilPrice.com, this announcement has immediately pressured diesel refinery margins, with the ICE gasoil crack falling from recent highs of $85 per barrel to around $70.

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