Oil just printed its biggest single-day price surge in three weeks, with many analysts agree with one same prediction: Oil might have room to pump even more. Brent crude surged 7.6%, to $108 per barrel Thursday morning, while WTI climbed $7.06, or 7.1%, to $107.18. But can this momentum hold through April, or is the spike a one-session blip before gravity reasserts? We know Trump said that the war might end this April. The trigger was President Trump’s televised address, in which he vowed to continue U.S. strikes on Iran. “We’re going to hit them extremely hard over the next two to three weeks,” Trump said, offering no signal of a ceasefire or diplomatic off-ramp. Markets moved instantly. Brent had been shedding before the speech, then reversed violently.
The entire market was expecting President Trump's address to the nation to be de-escalatory. Instead, he said the war will continue until late-April, threatened to strike Iranian power plants, and said Iran will be sent back to the "stone age." Oil prices have all your answers. pic.twitter.com/lx1t5NmHOC — The Kobeissi Letter (@KobeissiLetter) April 2, 2026
Priyanka Sachdeva, senior market analyst at Phillip Nova, flagged the absence of “clear mention of ceasefire or diplomatic engagement” as the direct driver, warning that if maritime risks escalate, oil could test fresh highs. Both benchmarks remain below the $119+ peak hit earlier in the conflict, but the Strait of Hormuz narrative is back on the table, and that changes the calculus entirely. Discover: The best crypto to diversify your portfolio with Oil Price Prediction: Brent Crude Breaks $120 Before April Ends?
The $108, $109 zone is now acting as a short-term foothold following Thursday’s surge. Resistance clusters immediately around $112–$115, with the psychologically loaded $119 level, the prior conflict high, representing the bull case ceiling. Analysts at The Middle East Insider flagged $120 as the key breakout threshold heading into April, contingent on Hormuz disruption risk remaining elevated.
Trump on oil prices: "The short-term increase has been entirely the result of the Iranian regime launching deranged terror attacks against commercial oil tankers and neighboring countries." He's framing this as Iran's fault…pic.twitter.com/Pliu7wBYF7 https://t.co/4SldP6tEg7 — Mario Nawfal (@MarioNawfal) April 2, 2026
The momentum is real. But momentum built entirely on one variable, geopolitical risk, is inherently fragile. (One presidential tweet in the other direction and this chart looks completely different.) J.P. Morgan and S&P Global have both raised their 2026 price assumptions, but neither is calling $120 a floor. Discover: The best pre-launch token sales Bitcoin Hyper Eyes Early Movers as Oil Traders Weigh Commodity Risk
Oil this, oil that. Commodity volatility of this magnitude tends to send a specific type of capital searching for asymmetric alternatives, assets uncorrelated to Middle East headlines, where the upside isn’t capped by a geopolitical resolution. That’s where the rotation conversation starts. Oil at $108 may run another 10%. But what’s already run, can it run again from here without the same catalyst? Bitcoin Hyper ($HYPER) is positioning itself as one of those early-stage asymmetric plays, and the presale numbers are hard to dismiss. The project bills itself as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, delivering sub-second finality and smart contract programmability while sitting on Bitcoin’s security layer. Current presale price: $0.0136. Total raised: $32 million. Staking is live with a high 36% APY, and the decentralized canonical bridge for BTC transfers is a standout technical feature, Bitcoin’s liquidity, Solana’s speed, and none of Ethereum’s baggage.
The pitch addresses Bitcoin’s three core limitations: slow transactions, punishing fees, and zero programmability. Research Bitcoin Hyper before the next price tier triggers. This article is for informational purposes only and does not constitute financial advice. Always conduct your own research. Crypto assets are highly volatile. The post Oil Price Prediction: Can Oil Keep Its Momentum This April? – Good Time to Long? appeared first on Cryptonews.
