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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 Morning Briefing Monday, June 22, 2026

1. Headlines

Oil prices are retreating this morning, with WTI down 1.02% to $75.08 and Brent down 1.09% to $78.98. The stated reasons across financial media are a mix of bearish demand signals and cautious optimism on supply. OilPrice.com reports that analysts from Rystad Energy and Energy Aspects are warning of potential permanent oil demand destruction in China, citing a shift to electric vehicles and other factors. Conversely, Rigzone notes that crude had risen last week on delays in U.S.-Iran peace talks and slower tanker traffic through the Strait of Hormuz.

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