WTI Crude$--/bbl▲ +0.00 (+0.00%)
Brent Crude$--/bbl▲ +0.00 (+0.00%)
Natural Gas$--/MMBtu▲ +0.00 (+0.00%)
ND Rig Count--▲ +0 WoW
WTI Crude$--/bbl▲ +0.00 (+0.00%)
Brent Crude$--/bbl▲ +0.00 (+0.00%)
Natural Gas$--/MMBtu▲ +0.00 (+0.00%)
ND Rig Count--▲ +0 WoW
BAKKEN WIRE
The Midday Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·🔆Midday Wire·

Bakken Wire Midday Briefing Wednesday, June 17, 2026

1. Headlines

Oil prices are modestly higher today, with WTI at $75.92 (+0.86%) and Brent at $79.53 (+0.72%). Headlines cite a tentative U.S.-Iran deal to reopen the Strait of Hormuz as the dominant market factor, with prices "extending losses" yesterday on the supply expectation but ticking up slightly today (Rigzone, OilPrice.com). The shipping industry, however, remains deeply cautious, with the UK Chamber of Shipping stating that a return to normal traffic volumes through the strait is unlikely this year (OilPrice.com).

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