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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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Afternoon Energy Market Briefing Monday, June 8, 2026

1. Headlines

Oil prices are pushing higher today, with Brent crude closing above $94 and WTI just over $91. According to multiple reports from Rigzone, the move is attributed to renewed geopolitical risk pricing following weekend military exchanges between Israel and Iran, though some reports note the price rise was "stunted" as both sides signaled a potential pause in escalation. Zaye Capital Markets characterized the move as "a geopolitical premium rather than a clean demand rally."

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