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BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·
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Daily Energy Market Briefing Friday, June 12, 2026

1. Headlines

Oil prices are sharply lower today, with WTI crude down over 3.6% to $84.54 and Brent crude down nearly 3.9% to $86.92, according to midday trading data. The sell-off, as reported by Rigzone and other financial wires, is attributed to geopolitical signals from the Trump administration. President Trump has pulled back threatened military strikes against Iran and claimed progress toward a potential deal, a stark reversal from previous bellicose rhetoric. The market is interpreting this as a reduction in the geopolitical risk premium that has supported prices.

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