Energy stocks extend slide on OPEC+ output increase, tariffs tumult

S&P 500 energy index .SPNY slides >2% to lowest since Dec 30 on Weds, tracking third straight day of declines in crude prices O/R

Brent crude futures LCOc1 currently down 2.4% to $69.30/barrel and U.S. West Texas Intermediate crude CLc1 off 2% to $66.24/barrel

Oil prices extend losing streak on Weds on concerns OPEC+ plans to proceed with output increases in Apr, and U.S. President Donald Trump's tariffs on Canada, China and Mexico escalated trade tensions

Oil majors Chevron CVX.N and Exxon Mobil XOM.N down 1.4% and 2%, respectively

Oilfield services firm Baker Hughes BKR.O down 2.5%, and peer SLB SLB.N off 1.4%

Refiners Valero VLO.N and Marathon Petroleum MPC.N down 3.7% and 4.6%, respectively

APA Corp APA.O down 4%, Diamondback Energy FANG.O off 2.8%. Occidental Petroleum OXY.N losing 2.5%

With moves on Weds, SPNY down 6.3% this week and off 1.3% YTD. This compares to ~3% drop in S&P 500 WTD and nearly 2% decline YTD