Crude oil has recorded its largest monthly decline in recent memory, with prices retreating sharply throughout June as market sentiment pivots away from energy assets.
The sell-off coincides with a broader rotation in equity markets, where the artificial intelligence-driven rally that has powered gains for months appears to be losing momentum.
Investors are increasingly favoring technology and semiconductor stocks, leaving energy names under pressure as capital flows shift toward growth-oriented sectors.
The decline in oil prices reflects a combination of weakening demand expectations and a broader risk-off posture in commodity markets.
While specific supply-side disruptions have not emerged as the primary driver, the sustained selling pressure suggests traders are repricing near-term demand risks.
The move comes as US equity markets opened lower, marking a distinct shift in sentiment that has rippled across asset classes.