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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 BRIEFING April 26, 2026

1. Headlines

Oil prices are pulling back in early trading. WTI is down 1.5% to $94.40, while Brent has slipped 0.2% to $99.13. The primary reason cited by financial press, including Bloomberg via Rigzone, is "renewed Iran talk hopes." The White House is reportedly sending envoys to Pakistan, where Iranian officials are also expected, sparking speculation about potential diplomatic contact. This has led some traders to price in a potential easing of the Strait of Hormuz crisis.

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