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BAKKEN WIRE
The Afternoon Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🌅Afternoon Wire·
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Energy Market Briefing Tuesday, June 2, 2026

1. Headlines

Oil prices are pushing higher today, with WTI gaining 1.4% to settle at $93.45 and Brent at $95.81. The immediate catalyst cited by traders, per Rigzone, is escalating tension with Iran following reports that Tehran may halt negotiations with the United States. This compounds ongoing supply concerns from the prolonged Strait of Hormuz disruption.

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