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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 9, 2026

1. Headlines

Oil prices are retreating this morning, with WTI down 1.13% to $90.46 and Brent down 1.59% to $102.62, despite a continued tight physical market. The primary focus across reports is the extreme dislocation in global shipping and trade flows. According to OilPrice.com, record-high supertanker freight rates—reportedly hitting $82 million for a U.S. Gulf-to-Japan voyage—have effectively shut the arbitrage for U.S. crude to Asia, forcing refiners there to seek barrels from the Middle East and South America instead.

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