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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: Bakken Wire Wednesday, April 22, 2026

1. Headlines

Crude prices surged today, with WTI gaining over 3% to settle at $92.75 and Brent surpassing $101. The primary catalyst, according to multiple reports from Bloomberg and Rigzone, is the indefinite extension of the U.S.-Iran ceasefire. While this removes the immediate risk of renewed airstrikes, President Trump stated the naval blockade of Iran and the closure of the Strait of Hormuz will continue until "discussions are concluded." Markets interpreted this as a prolongation of the supply disruption.

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