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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 BRIEFING Sunday, June 14, 2026

1. Headlines

Oil prices have plunged to multi-month lows. WTI crude closed at $84.88, down 3.23%, and Brent fell to $87.33, down 3.37%, according to market data. The sell-off, reported by Rigzone and OilPrice.com, is attributed to U.S. President Donald Trump stating a peace agreement with Iran was "close" and canceling threatened military strikes. Traders are pricing in the potential de-escalation in the Middle East and the reopening of the Strait of Hormuz, a critical oil chokepoint.

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