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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 Saturday, November 7, 2026

1. Headlines Oil prices showed marginal gains today after a week of significant losses. WTI crude settled at $90.83, up 0.34%, while Brent crude saw a negligible 0.03% increase to $98.32. According to Rigzone, oil posted its biggest weekly drop since 2022, with traders citing factors including Iran diplomacy and recovering Persian Gulf exports. A Bloomberg survey, cited by Rigzone, indicates OPEC's crude production rose toward pre-war levels last month, led by Saudi Arabia.

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