Oil prices sank Sunday while U.S. stock futures declined after the S&P 500 notched its longest winning streak in more than 20 years last week.

Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply. Brent crude futures dropped $2.04 a barrel,

OPEC+ has agreed to increase oil production for a second consecutive month, raising output by 411,000 barrels per day in June, signaling continued efforts to unwind earlier cuts. The decision, made during a brief