** S&P 500 energy index .SPNY falls 1.1% as oil prices edge lower

** Brent crude LCOc1 down 0.8% at $60.65/barrel and U.S. West Texas Intermediate $(WTI)$ crude futures CLc1 dip 1.03% to $56.85/barrel

** Oil prices fall as investors balance supply disruptions linked to escalating U.S.-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal O/R

** Oil majors Exxon Mobil XOM.N down 1.3% and Chevron CVX.N falls ~1%

** APA Corp APA.O, Texas Pacific Land Corp TPL.N, Occidental Petroleum OXY.N and EOG Resources EOG.N fall between 2.1% and 3.1%, among biggest percent decliners on the energy index

** Refiners Phillips 66 PSX.N and Marathon Petroleum MPC.N down marginally

** Oilfield services companies SLB SLB.N down 1.3% and Halliburton HAL.N down ~1%

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))