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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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Date: Friday, April 24, 2026

1. Headlines

Crude oil prices are sharply lower in midday trading despite escalating military tensions in the Strait of Hormuz. As of this briefing, WTI is down 2.41% to $93.54, and Brent is down 0.87% to $98.49 (Rigzone, OilPrice.com). The stated reason for the pullback is renewed, if vague, hopes for diplomatic talks between the U.S. and Iran, with Iran's foreign minister believed to be traveling to Pakistan this weekend (OilPrice.com). This has tempered a week of strong gains driven by the ongoing naval blockade.

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