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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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Energy Market Briefing | Friday, June 12, 2026

1. Headlines

Oil prices are under significant pressure this morning, with WTI crude down over 3% to $84.87 and Brent at $87.60. According to Rigzone, the sharp decline is attributed to signals from the White House, where President Trump claimed a deal with Iran is close, pulling back from threatened military strikes. This has sparked a sell-off on fears of a potential de-escalation that could see more Iranian oil enter the market.

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