Crude Reality Check: Oil Futures Extend 7% Rout Amid Escalating Demand Fears

Nikunj Parikh May 20, 2026 310 Views

Oil crude futures extended their sharp decline today, with benchmark prices falling around 7% as traders reacted to mounting demand concerns, shifting geopolitical risk, and profit‑taking after a recent rally. The steep intraday losses added to volatility across global commodities, raising fresh questions on the near-term trajectory of energy markets.