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BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·
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Daily Energy Market Briefing April 12, 2026

1. Headlines

Oil prices are retreating modestly in midday trading. As reported by Rigzone, WTI is down 1.33% to $96.57, and Brent is down 0.75% to $95.20. The immediate driver cited by markets is cautious positioning ahead of anticipated direct talks between the U.S. and Iran in Pakistan, with the status of the Strait of Hormuz being a top agenda item.

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