XOM is trading at $149.77 (-3.2%) as falling oil prices weigh on the energy sector, despite a lack of company-specific news.
- The decline contrasts with broader market strength, with S&P 500 futures trading up 0.71%.
- Crude prices are under pressure following reports of progress in overseas peace talks and the denial of a rumored Iran-US naval incident.
- No major announcements were found to explain the drop from earlier pre-market highs near $153.