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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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Afternoon Energy Market Briefing Tuesday, April 28, 2026

1. Headlines

Oil prices surged today, with WTI closing above $99 and Brent above $104. According to Rigzone, the gains are attributed to ongoing geopolitical tensions and tight physical markets. The primary driver remains the two-month conflict in the Strait of Hormuz, where a major supply chokepoint remains constrained.

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