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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·
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Energy Market Briefing Tuesday, April 14, 2026

1. Headlines

Oil prices are sharply lower today. WTI crude fell $7.26 to settle at $91.82 (-7.33%), and Brent dropped $4.45 to $94.91. According to reports from OilPrice.com and Rigzone, the sell-off is attributed to hopes that the U.S.-Iran ceasefire will hold despite a new U.S. naval blockade in the Persian Gulf, and to a bearish U.S. inventory report.

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