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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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Bakken Wire Energy Briefing Saturday, June 20, 2026

1. Headlines

Oil prices moved higher Friday, with WTI closing at $76.54 and Brent at $80.59, as geopolitical tensions resurfaced to dampen recent optimism. According to reports from Rigzone and OilPrice.com, the scheduled start of U.S.-Iran negotiations for a permanent peace deal was delayed following intensified clashes between Israel and Hezbollah in southern Lebanon. This cast fresh doubt on the stability of the region and the timeline for reopening key oil transit chokepoints like the Strait of Hormuz.

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