Oil prices extended declines and energy stocks fell sharply on Friday 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 2.2% to $62 per barrel at 3:02 p.m. London time (10:02 a.m. ET). The contract dipped 0.2% in the previous session.

U.S. West Texas Intermediate futures with January expiry were last seen 2.6% lower at $57.46, after closing Thursday off 0.5%.

Europe's Stoxx Oil and Gas index , meanwhile, slipped more than 2.4%. Britain's Shell and BP were both trading around 1.4% lower. Norway's Equinor fell 2.3%, while Germany's Siemens Energy plunged nearly 8%.

U.S. oil giants Exxon Mobil and Chevr

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