Energy stocks faced a broad decline on Monday as oil prices retreated from recent highs. The sector-wide downturn reflects investor sensitivity to fluctuations in commodity prices and concerns about future energy demand.

Several major energy companies experienced notable losses, contributing to the overall negative performance of the energy sector. Analysts suggest that profit-taking and uncertainty regarding global economic growth are factors influencing the current market trend.

The price of crude oil fell below $60 a barrel, further pressuring energy stocks. Market observers are closely monitoring developments in global oil supply and geopolitical events that could impact energy markets.