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%