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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 Wednesday, October 7, 2026

1. Headlines

Oil prices are higher this morning, with Brent crude reclaiming ground above $101 per barrel and WTI pushing to $90.22. According to reports from OilPrice.com and Rigzone, the primary catalysts are a tightening global fuel supply and renewed storm-related supply risks in the Gulf of Mexico. Shell and Equinor both released previews indicating record-high refining margins, with Shell's indicative margin nearly doubling sequentially to $42 per barrel, driven by what Shell describes as a global fuel crunch.

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