BUZZ-Energy stocks slip as crude falls on supply glut fears amid Ukraine peace hopes

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BUZZ-Energy stocks slip as crude falls on supply glut fears amid Ukraine peace hopes

Reuters12-27 01:39

BUZZ-Energy stocks slip as crude falls on supply glut fears amid Ukraine peace hopes

** S&P 500 energy index .SPNY down 0.6%, tracking a dip in crude price O/R

** Brent crude futures LCOc1 down 1.7% at $61.20/barrel and U.S. West Texas Intermediate crude CLC1 falls 1.8% to $57.27/barrel

** Crude prices decline as investors weigh a looming global supply glut and a reduced war-risk premium, amid hopes for a Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump

** Energy majors Exxon Mobil XOM.N and Chevron CVX.N down 0.5% each

** Texas Pacific Land TPL.N , Devon Energy DVN.N , APA Corp APA.O and Diamondback Energy FANG.O decline between 1.2% and 3.6%; among the top percentage losers on the energy index

** Oilfield services company Baker Hughes BKR.O down marginally and its peer SLB SLB.N falls ~1%

** Refiner Marathon Petroleum MPC.N down 0.8%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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among the top percentage losers on the energy index** Oilfield services company Baker Hughes BKR.O down marginally and its peer SLB SLB.N falls ~1%** Refiner Marathon Petroleum MPC.N down 0.8% (Reporting by Sumit Saha in Bengaluru) ((Sumit.Saha@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}