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Oil Price Prediction: Can Crude Keep Its Explosive Momentum This April? – Prime Time to Go Long?

Oil Price Prediction: Can Crude Keep Its Explosive Momentum This April? – Prime Time to Go Long?

Author:
Cryptonews
Published:
2026-04-02 11:09:30
14
2

A major Wall Street firm has issued a stark warning, predicting a sharp 10% correction for oil prices this April despite Thursday's historic surge. The alert follows crude's biggest single-day rally in three weeks, which saw Brent jump 7.6% to $108 and WTI climb 7.1% to $107.18 after President Trump vowed to intensify U.S. strikes on Iran, offering no ceasefire signal and triggering an immediate violent market reversal.

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.

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?

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This article is for informational purposes only and does not constitute financial advice. Always conduct your own research. Crypto assets are highly volatile.

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