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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 BRIEFING June 27, — Midday Update

1. Headlines

Oil prices are down sharply today, with WTI falling 3.74% to $69.23 and Brent down 3.84% to $72.60. Market reports from Rigzone cite rising traffic and exports from the Persian Gulf, specifically through the Strait of Hormuz, as the primary driver, fueling oversupply concerns. This comes despite a recent ship attack in the region, with traffic reported as continuing to flow in both directions.

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