00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Oil and gas stocks extended losses Tuesday as crude prices slid to levels not seen in nearly
00:07five years amid expectations of a Russia-Ukraine peace deal and rising supply concerns, according
00:13to Benzinga. West Texas Intermediate Crude Tracked by the United States Oil Fund fell
00:182.6% to $55 a barrel for a fourth straight decline. Natural gas prices also weakened
00:24as Henry Hub Futures slid nearly 3% to $3.89 per million British thermal units. Energy equities
00:32underperformed as the Energy Select Sector SBDR fund dropped 2.9%. The sell-off followed optimism
00:39around Ukraine peace talks after U.S. and Ukrainian officials reported progress.
00:44President Trump said negotiators are closer to reaching an agreement after several days
00:48of talks involving U.S., European, and Ukrainian delegations. The possibility of eased sanctions
00:53on Russian energy exports added pressure to oil markets already facing ample supply and
00:59weaker demand signals. For all things money, visit Benzinga.com.
