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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 Saturday, June 13, 2026

1. Headlines

Oil prices plunged to a four-month low in Friday’s session. According to Rigzone, both WTI and Brent fell over 3%, with WTI settling at $84.88 and Brent at $87.33. The sell-off is widely attributed to renewed hopes for a U.S.-Iran peace deal that could reopen the Strait of Hormuz. Multiple Rigzone reports cite President Trump's abrupt reversal from threatening "VERY HARD" military strikes to claiming a deal is close as the key catalyst.

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