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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 for Bakken Wire *Thursday, June 18,q2026*

1. Headlines

Oil prices are down sharply this morning, with WTI falling 1.89% to $74.57 and Brent dropping 1.33% to $78.49. The selloff is attributed to the formal enactment of the U.S.-Iran interim peace deal, which is expected to lead to the reopening of the Strait of Hormuz. Rigzone reports the pact is now in effect, and OilPrice.com notes analysts from Morgan Stanley and Goldman Sachs have already cut their oil price forecasts for late 2026 and 2027, anticipating a return of Middle Eastern supply.

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