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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·

Date: Monday, April 27, 2026

1. Headlines

Oil prices are moving higher this morning, with WTI trading at $95.05 (+0.69%) and Brent at $100.13 (+1.01%). According to reports from OilPrice.com, prices surged over 2% in early trading before paring gains. The stated drivers are a breakdown in U.S.-Iran diplomacy and ongoing supply disruptions in the Strait of Hormuz. The rally in refined products like gasoline and heating oil is noted as a sign traders are pricing in a broader supply threat.

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