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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 Sunday, October 11, 2026

1. Headlines

Oil prices are advancing modestly this morning, with WTI at $91.85 and Brent at $104.72, as markets weigh persistent supply risks against ongoing inventory releases. The reported reasons include ongoing military conflict in the Middle East, tanker attacks, and Hurricane Isaias, according to Rigzone. Supporting this tension, data shows U.S. commercial crude stocks (excluding the SPR) fell by over 3 million barrels last week to 424.134 million barrels.

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