Investing.com -- Shares of major US energy companies declined on Thursday as crude oil prices fell to their lowest point since the beginning of the US-Israel war against Iran following a ceasefire agreement.

Chevron fell 2.1%, while Exxon Mobil dropped 2.7% and ConocoPhillips decreased 2.6%. Valero Energy was down 2.2% and Devon Energy declined 1.5%. Occidental Petroleum lost 2.6% and APA Corp fell 3.6%.

Crude Oil WTI futures traded as low as $73.6 midday on Thursday, marking the lowest level since the conflict began.