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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 Thursday, June 11, 2026

Headlines

Oil prices are in sharp retreat today. As of this briefing, WTI crude is down 4.09% to $86.35, and Brent is down 4.25% to $89.14, hitting their lowest levels since April. According to Rigzone, the sell-off was triggered by signals from former President Donald Trump indicating progress toward a potential peace deal with Iran. This marks a dramatic reversal from yesterday’s geopolitical risk premium, when prices rose after Trump warned Iran of further U.S. attacks.

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