Oil firms slide as OPEC+ accelerates output hikes

S&P 500 energy index down 1.5%, tracking oil prices O/R

Brent crude futures LCOc1 down 1.8% at $60.17/barrel; U.S. West Texas Intermediate crude CLc1 slips 2.1% to $57.03/barrel

Oil prices decline as OPEC+, over the weekend, accelerated oil output hikes, raising concerns about more supply coming into a market clouded by an uncertain demand outlook

Energy majors Chevron CVX.N dips ~2% and Exxon XOM.N down 2.3%

Hess Corp HES.N down 2%, Conocophillips COP.N dips 2.6%, Occidental Petroleum OXY.N and APA Corp APA.O down 3% and 4%, respectively, among top percentage losers on the energy index

Oilfield service companies Halliburton HAL.N and SLB SLB.N down 1.8% and 1.7% respectively