** 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
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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