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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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DAILY ENERGY BRIEFING Wednesday, June 24, 2026

1. HEADLINES

Oil markets are under significant pressure today, with prices hitting lows not seen since the initial stages of the U.S.-Iran conflict earlier this year. As of this afternoon, WTI crude is trading at $69.89, down 4.53%, while Brent crude has fallen 5.07% to $73.17. According to reports from Rigzone and OilPrice.com, the sell-off is being driven by two main factors: improved supply flows from the Middle East following an interim U.S.-Iran peace deal, and a dramatic collapse in demand from China.

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