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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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Daily Energy Market Briefing Sunday, June 28, 2026

1. Headlines

Oil prices are down sharply this morning. WTI crude is trading at $69.23, down 3.74%, and Brent is at $72.60, down 3.84%, according to price data. Rigzone reports the drop is attributed to rising traffic and exports from the Persian Gulf, fueling oversupply concerns despite recent tensions. The Panama Canal expects its revenue to beat forecasts due to increased traffic following the Strait of Hormuz closure, as also reported by Rigzone.

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