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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 19, 2026

1. Headlines

Oil prices are flat to slightly lower this morning, with WTI at $75.85 and Brent at $79.73, according to market data. This follows a volatile week where prices slid nearly 9%, as reported by OilPrice.com. The selloff is being attributed to a major geopolitical shift: a U.S.-Iran interim agreement that has reopened the Strait of Hormuz to tanker traffic, leading traders to bet on the return of Iranian oil to the market and strip out previous risk premiums.

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