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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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Bakken Wire Daily Energy Briefing Date: Sunday, April 19, 2026

1. Headlines

Oil markets are in a holding pattern after a week of extreme volatility driven by geopolitical headlines. Prices ended Friday's session flat, with WTI at $82.59 and Brent at $90.38, following a massive sell-off. According to multiple reports from Rigzone and Bloomberg, prices plunged on Friday after Iran's Foreign Minister declared the Strait of Hormuz "completely open" for commercial shipping for the duration of a 10-day Israel-Hezbollah ceasefire. This triggered a sharp unwind of the war risk premium, with Brent falling over 11% intraday.

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