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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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Morning Energy Market Briefing for Bakken Wire Date: Monday, November 2, 2026

1. Headlines

Oil prices are sharply lower in early trading, with WTI down 4.5% to $99.43 and Brent down 4.26% to $108.6, according to price data. Natural gas is up slightly to $2.97. The primary financial news today centers on major banks revising their oil price forecasts upward despite the current sell-off. Goldman Sachs commodity analysts have raised their December Brent price forecast to $105 per barrel, a significant increase from a prior forecast of $90, as reported by OilPrice.com. Similarly, analysts at ANZ and UBS have also revised their year-end targets higher, citing persistent supply security risks.

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