Energy stocks fall on possible OPEC+ oil output hike

S&P 500 energy index .SPNY down 1.2%, tracking a fall in oil prices O/R

Brent crude futures LCOc1 down 1.3% at $62.68/barrel; U.S. West Texas Intermediate crude futures CLc1 down 0.5% at $60.64/barrel

Oil prices fell on expectations that OPEC+ will decide on Saturday to boost oil output for July beyond previous forecasts

Prices dipped into negative territory after Reuters reported that OPEC+ may discuss an increase in oil output for July larger than the 411,000 barrels per day rise that the group decided on for May and June

Top oil and gas majors Exxon Mobil XOM.N down ~1%, and Chevron CVX.N down 1.2%

Devon Energy DVN.N, Diamondback Energy FANG.O, Halliburton HAL.N and Texas Pacific Land Corp TPL.N down between 2.2% and 5.5%; among the top percentage losers on the energy index

Oilfield services companies Baker Hughes BKR.O and SLB SLB.N fall 1.5% and 1.7%, respectively

Refiner HF Sinclair DINO.N and PBF Energy PBF.N down 1% and 2.1%, respectively