BUZZ Oil stocks down as crude prices retreat from multi-year highs

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** Energy stocks trade lower as crude prices retreat on Thursday after hitting $120 a barrel on disruptions to Russian oil exports

** Prices slid in early U.S. trading, after an Iranian reporter tweeted of a breakthrough in talks to revive an Iran nuclear deal that could see Iranian barrels come back into the market

** U.S. West Texas Intermediate crude was down 0.77% at $109.75 after touching $116.57/bbl, the highest since 2008

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** Global benchmark Brent crude was down 0.41% at $112.47 after touching its highest since 2012 at $119.84

** Oil majors Chevron (CVX.N) and ExxonMobil (XOM.N) lose ~1% each

** United States Oil ETF (USO.P) down 0.95%, ProShares Ultra Bloomberg Crude Oil ETF (UCO.P) down 0.55% and SPDR S&P Oil & Gas Exploration and Production ETF (XOP.P) down 0.67%

** Producers Callon Petroleum (CPE.N), Devon Energy . Occidental Petroleum and Marathon Oil (MRO.N) slide 0.9%-1.88%

** Oilfield service firms Halliburton (HAL.N) and Schlumberger (SLB.N) slide 1.15% and 1.81%, respectively

** Refiners PBF Energy (PBF.N) and Marathon Petroleum (MPC.N) down 1.41% and 0.45%, respectively

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Reporting by Ruhi Soni and Rithika Krishna in Bengaluru

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