BUZZ-Energy stocks slip as crude falls on supply glut fears amid Ukraine peace hopes
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Energy stocks fell as crude prices dropped due to fears of a global supply glut and reduced war-risk premium amid Ukraine peace hopes. The S&P 500 energy index declined by 0.6%, with Brent crude futures down 1.7% and U.S. West Texas Intermediate crude down 1.8%. Major energy companies like Exxon Mobil and Chevron saw a 0.5% decrease, while others like Texas Pacific Land and Devon Energy fell between 1.2% and 3.6%.
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