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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·

Afternoon Energy Market Briefing Friday, April 24, 2026

1. Headlines

Brent crude held above the $100 psychological level today, closing at $100.02 (+0.67%), while WTI retreated slightly to $95 (-0.89%). The price divergence is attributed to continued geopolitical risk focused on the Strait of Hormuz, a chokepoint for global seaborne oil and LNG. According to Rigzone, tensions escalated with a U.S. naval order to shoot any boat laying mines in the strait. In response, the White House extended a critical domestic shipping waiver for oil, fuel, and fertilizer through August, as reported by Rigzone.

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