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NYSE trader: Here's why crude oil is sinking

Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.

Here's the performance of select energy stocks as of 3:00 pm ET:

CHK Chesapeake Energy Corp 4.82%

BPL Buckeye Ptnrs L.P. 4.51%

FANG Diamondback Energy Inc 2.99%

CXO Concho Resources Inc 2.32%

NFX Newfield Exploration 2.22%

RRC Range Resources 1.93%

BHGE Baker Hughes a GE Co Cl A 1.92%

APA Apache Corp 1.73%

DVN Devon Energy 1.71%

EOG EOG Resources 1.67%

PXD Pioneer Natural Resources 1.69%

CVE(HB) Cenovus Energy Inc 1.58%

ECA EnCana Corporation 1.50%

ANDX(HB) Andeavor Logistics LP 1.50%

APC Anadarko Petro 1.46%

XEC Cimarex Energy 1.35%

EC Ecopetrol S.A. 1.34%

HES Hess Corporation 1.25%

LNG Cheniere Energy 1.21%

CNQ Canadian Natural Resources 1.15%

PAA Plains All American Pipeline 1.08%

PE Parsley Energy Inc 1.03%

PAGP Plains GP Hldgs L.P Cl A 0.96%

MPLX MPLX LP 0.81%

CLR Continental Resources Inc 0.81%

PSXP(HB) Phillips 66 Partners LP 0.79%

COP ConocoPhillips 0.79%

SU Suncor Energy (New) 0.78%

PSX Phillips 66 0.78%

WGP(HB) Western Gas Equity Partners LP 0.66%

CEO(HB) CNOOC Ltd ADS 0.66%

OKE Oneok Inc 0.60%

MPC Marathon Petro Corp 0.58%

WMB Williams Companies 0.58%

ANDV Andeavor 0.55%

WPZ Williams Partners LP 0.54%

MRO Marathon Oil Corp 0.54%

COG Cabot Oil & Gas Corp 0.51%

TRP Transcanada Corp 0.49%

PBR Petroleo Brasileiro S.A. ADS 0.48%

EQT EQT Corporation 0.50%

HP Helmerich & Payne 0.41%

CVX Chevron Corporation 0.37%

SHLX Shell Midstream Partners LP 0.35%

HFC HollyFrontier Corporation 0.27%

BP BP P.L.C. ADS 0.26%

PTR(HB) Petrochina Co Ltd ADR 0.23%

ETP(HB) Energy Transfer Partners LP 0.21%

OXY Occidental Petro 0.12%

EGN Energen Corp 0.09%

XOM Exxon Mobil 0.02%

IMO Imperial Oil Ltd 0.00%

TOT Total 'B' ADS -0.06%

SLB Schlumberger Ltd -0.10%

HAL Halliburton Co -0.20%

AR Antero Resources Corp -0.21%

E Eni S.P.A. ADS -0.21%

EQGP EQT GP Hldgs LP -0.05%

NOV National Oilwell Varco Inc -0.30%

FTI(HB) TechnipFMC plc -0.45%

VLO Valero Energy -0.47%

MMP Magellan Midstream Partners LP -0.88%

NBL Noble Energy -1.22%

EEP(HB) Enbridge Energy Ptnrs L.p. -1.39%

UGP Ultrapar Participacoes SA ADS -1.40%

YPF YPF Sociedad Anonima ADS -1.75%

FCX Freeport-McMoRan Inc -1.85%