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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 for Bakken Wire Afternoon Update | Monday, June 29, 2026

1. Headlines

Oil prices are trading higher today, with WTI up 1.82% to $70.49 and Brent gaining 1.52% to $73.70. The immediate catalyst is continued tension in the Strait of Hormuz. According to Rigzone, ship traffic continues but the number of vessels broadcasting their passage has dropped following attacks over the weekend, keeping a risk premium in the market. Pakistan is urgently seeking LNG cargoes for delivery this week due to these disruptions, as reported by Rigzone.

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