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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 Thursday, November 5, 2026

1. Headlines

Oil prices are volatile today, with headlines painting a mixed picture. According to Rigzone, oil prices "tumbled" eight percent yesterday following the U.S. midterm elections, with Saxo Bank highlighting the drop. The sell-off was attributed to political pressure to end the war and restore energy flows. However, in today's trading, prices are rebounding. WTI crude is up 1.57% to $89.50 per barrel, and Brent crude has gained 2.48% to $96.97.

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