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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·
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Daily Energy Market Briefing Date: Thursday, April, 30 2026

1. Headlines

Oil markets are volatile today, with WTI crude down 2.56% to $104.14 and Brent down 1.62% to $101.80, according to price data. This pullback follows a recent surge to multi-year highs, which Rigzone and other outlets attribute to the ongoing blockade of the Strait of Hormuz and broader Middle East conflict. Conflicting narratives are present: some reports emphasize the surge due to supply fears, while today's price action shows a corrective dip.

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