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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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Bakken Wire Energy Market Briefing Wednesday, April 15, 2026 | Midday Update

1. Headlines

Oil prices are up over 1% midday, with WTI trading at $92.25 and Brent at $95.75. The move is attributed to a bullish EIA inventory report and continued geopolitical tension. The EIA reported a 900,000-barrel draw in crude stocks, but the market is focusing on a large 6.3-million-barrel draw in gasoline and a 3.1-million-barrel draw in distillates, intensifying supply crunch fears. This contrasts sharply with the API’s prior report of a 6.1-million-barrel crude build, a significant discrepancy that was resolved by the official data.

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