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BAKKEN WIRE
The Morning Take - Energy Market Briefing
Global Markets

Energy Market Briefing

Bakken Wire Staff·☀️Morning Wire·
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Daily Energy Market Briefing Tuesday, June 9, 2026

1. Headlines

Oil prices are retreating sharply this morning after Monday's gains. As reported by Rigzone, WTI crude is down nearly 2% to $89.6 per barrel, giving back most of the prior day's move. The stated reason for Monday's rise, according to Rigzone, was a perceived pause in escalations between Israel and Iran, which stunted further price increases. Today's sell-off is attributed to fresh data showing China’s oil imports plummeted to an eight-year low in May, as reported by OilPrice.com.

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