Energy stocks declined late Tuesday afternoon, with the NYSE Energy Sector Index falling 2.2% during the session.
Exxon Mobil (NYSE: XOM) saw shares drop 1.27% as the broader energy sector came under pressure.
Baker Hughes (NASDAQ: BKR) was among the hardest hit in the sector, with its stock falling 5.29% during the afternoon session.
Petroleo Brasileiro (NYSE: PBR) also posted losses, with shares declining 2.27% as energy names broadly retreated.
BP (NYSE: BP) fell 2.34%, adding to the wave of declines across major energy companies during the session.
Crude oil futures, however, moved in the opposite direction, with front-month contracts rising 3.94% during the same period.
The divergence between rising crude futures and falling energy equities marked a notable split in market sentiment on Tuesday.
The NYSE Energy Sector Index decline of 2.2% reflected broad selling pressure across the sector in late afternoon trading.
Baker Hughes posted the steepest loss among the named companies, falling more than five percentage points on the day.
The late-afternoon moves suggest traders were repositioning across energy-related assets as the Tuesday session drew toward its close.