Oil prices extended declines and energy stocks fell sharply on Friday morning as U.S. President Donald Trump pushed for a peace deal to end the long-running Russia-Ukraine war.
International benchmark Brent
crude futures with January expiry slipped 1.6% to $62.38 per barrel at 11:47 a.m. London time (6:47 a.m. ET), after dipping 0.2% in the previous session. The contract is down more 16% so far this year.
U.S. West Texas Intermediate
futures with January expiry were last seen 2% lower at $57.85, after closing Thursday off 0.5%.
