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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 Saturday, April 25, 2026

1. Headlines

Oil prices are pulling back from recent highs today, with WTI down 1.5% to $94.40 and Brent easing slightly to $99.13. The primary reason cited across financial wires, including Bloomberg via Rigzone, is renewed but fragile hope for US-Iran peace talks. The White House is sending envoys to Pakistan, where Iranian officials are also expected, sparking speculation that negotiations could resume and eventually lead to a reopening of the Strait of Hormuz. Traders are reportedly taking some risk premium off the table after a week that saw WTI gain 13%.

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