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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: June 24,41 vs WTI

Headlines

Oil prices are sharply lower this morning, with WTI down nearly 3% to trade below $72. The primary driver cited across financial media, including Rigzone, is the continued resumption of tanker traffic through the Strait of Hormuz following the U.S.-Iran interim peace deal, which is easing fears of a prolonged supply disruption. Concurrently, Asian demand appears to be softening; Rigzone reports that refiners in the region have slowed their purchases of Middle Eastern crude after a recent buying spree, putting additional downward pressure on prices.

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