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 Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·

Morning Energy Market Briefing for Bakken Wire Thursday, June 4, 2026

1. Headlines

Oil prices are down sharply this morning, with WTI trading at $93 (-3.15%) and Brent at $94.72 (-3.16%). The sell-off follows a U.S. House vote invoking the War Powers Act to direct President Trump to withdraw forces from the Iran conflict, raising market hopes for a potential de-escalation and reopening of the Strait of Hormuz. Secretary of State Marco Rubio’s testimony that “Epic Fury is over” is being cited as a key driver for the price drop (OilPrice.com).

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