US energy stocks slip as oil prices fall on US-Iran peace proposal

Shares of U.S. energy companies fall premarket, tracking a decline in crude prices O/R

Brent crude futures LCOc1 down 1.4% at $107.61/barrel; U.S. West Texas Intermediate CLc1 falls 1.1% to $110.33/barrel

Crude prices fall as investors await clarity on the status of talks between the U.S. and Iran, and remain wary about sustained supply losses due to shipping disruptions

Energy majors Exxon Mobil XOM.N and Chevron CVX.N down 1.7% and 1%, respectively

Oil and gas producers Occidental Petroleum OXY.N, Devon Energy DVN.N, Diamondback Energy FANG.O and ConocoPhillips COP.N decline between 1.9% and 2.3%

Oilfield services companies Baker Hughes BKR.O and SLB SLB.N down 0.7% each

Refiners Marathon Petroleum MPC.N and Phillips 66 PSX.N decline 2.4% and 1.3%, respectively