Rising oil prices raise questions: Will Brent reach $120?

Oil prices posted their biggest daily gain in three weeks, with most analysts agreeing with their predictions: Oil still has a chance to go higher.

He went up Brent crude rose 7.6% to $108 a barrel Thursday morning, while West Texas Intermediate crude rose $7.06, or 7.1%, to $107.18. But can this rise continue into April, or is it just a temporary rise before prices return to their normal course? We know that Trump said that the war could end next April.

The main driver was President Trump’s statement on social media, where he promised to continue the US strike on Iran. “We’re going to hit them hard for the next two to three weeks,” Trump said, without offering any indication of a ceasefire or diplomatic strategy. Markets responded immediately; After Brent crude fell slightly before his speech, he changed his behavior dramatically.

Priyanka Sachdeva, chief market analyst at Philip Nova, said that the absence of “confirmed mention of a ceasefire or negotiations” was what drove it at the same time, warning that if offshore threats increase, oil could try a new rise.

Although all these standards are still below the $119 interest rate recorded at the beginning of the conflict, the issue of the Strait of Hormuz is back on the table, which changes the calculation completely.

Oil price predictions: Will Brent crude break the $120 barrier by the end of April?

The $108 and $109 area is currently serving as short-term support for Thursday’s bounce. Resistance levels are gathered around $112-115, while $119 – the previous peak of the conflict – represents a rise in positive expectations. Analysts at the Middle East Insider have found that the $120 price is very important to reach in April, unless the risk of disruption of ships in Hormuz remains high.

Momentum is real, but sustained growth in one change, geopolitical risk, is weak. (A tweet from the president on the other hand would make the chart look completely different.) Both JPMorgan and S&P Global raised their price forecasts for 2026, but they no longer consider the $120 level to be a sustainable price.

Bitcoin Hyper Catches Eyes As Oil Traders Assess Asset Risks

Beyond oil volatility, this type of commodity volatility tends to push some type of capital to explore alternative alternatives. These are things whose topics are not related to the issues of the Middle East, where the rise is not limited to geopolitical solutions. Here the discussion about the circulation of liquid funds begins. Oil at $ 108 can rise another 10%, but what has already risen, can it come back from here without the same support?

Bitcoin Hyper ($HYPER) positions itself as one of the first asymmetric bets, and the numbers already sold are hard to ignore. This project presents itself as the first of the 2nd Category of Bitcoin with the integration of Solana Virtual Machine (SVM), providing second-last speed and stability of the smart contract, and relying on the security of Bitcoin.

The current pre-sale price is $0.0136, and the project has raised a total of $32 million. Staking is also available with a high annual return of 36%, it is a decentralized bridge for transferring Bitcoin with a well-known technical feature, such as Liquid Bitcoin and the speed of Solana, without the complications of Ethereum.

This offering aims to address three of Bitcoin’s biggest drawbacks: slow transactions, high fees, and lack of regulation.

This article is for informational purposes only and does not constitute financial advice. Always do your research, as crypto assets are volatile.

A note Rising oil prices raise questions: Will Brent reach $120? appeared for the first time Cryptonews Arabic.

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