
S&P 500 energy index .SPNY down 0.4%, tracking a dip in crude prices O/R
Brent crude futures LCOc1 fall over 1% to $76.14/barrel; U.S. West Texas Intermediate crude futures CLc1 down 1.2% at $72.94/barrel
Crude prices slipped over $1 a barrel, as oil and gas transit continued on tankers from the Middle East after U.S. airstrikes against Iran at the weekend
Although analysts say prices could spike in the near-term, investors are still weighing the extent of the geopolitical risk premium, given the Middle East crisis has yet to crimp supply
Additionally, U.S. President Donald Trump on Monday expressed a desire to see oil prices kept down amid fears that ongoing fighting in the Middle East could cause them to spike
Oil major Exxon Mobil XOM.N falls marginally
Diamondback Energy FANG.O,APA Corp APA.O, Halliburton HAL.N and Devon Energy DVN.N decline between 2% and 4.2%; among the top percentage losers on the energy index
Oilfield services firms SLB SLB.N and Baker Hughes BKR.O down 1.6% and 1%, respectively
Refiner PBF Energy PBF.N dips 1.2%