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

Oil prices recorded their biggest daily rise in three weeks, and many analysts agree on one prediction: Oil still has room to rise.

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 momentum continue into April, or is this rise just a temporary surge before prices return to their normal trajectory? We know that Trump has said the war could end next April.

The main impetus for this decision was President Trump’s televised speech, in which he pledged to continue US strikes against Iran. “We will hit them very hard over the next two or three weeks,” Trump said, without giving any indication of a cease-fire or diplomatic path. The markets reacted immediately; After Brent crude oil fell before the speech, its trend reversed sharply.

Priyanka Sachdeva, senior market analyst at Philip Nova, noted that the absence of “any clear mention of a ceasefire or diplomatic engagement” was the immediate driver, warning that if offshore risks worsen, oil could reach new highs.

Even though both standards are still below the peak of $119 recorded at the start of the conflict, the Strait of Hormuz narrative is back on the table, which completely changes the calculations.

Oil price forecast: will Brent cross the $120 mark before the end of April?

The $108 and $109 area currently serves as short-term support following Thursday’s jump. Resistance levels lie directly around $112-115, while $119 – the previous conflict high – represents the ceiling of optimistic expectations. Analysts at The Middle East Insider have identified the $120 level as a key breakout threshold heading into April, provided the risks of disruption to shipments to Hormuz remain high.

The dynamic is real, but one that relies entirely on a single variable, geopolitical risk, is inherently fragile. (A presidential tweet in the opposite direction would make this chart look completely different.) JPMorgan and S&P Global both raised their price forecasts for 2026, but neither views the $120 level as a fixed price floor.

Bitcoin Hyper draws attention as oil traders weigh commodity risks

Beyond oil volatility, commodity volatility of this magnitude tends to push a certain type of capital to seek asymmetric alternatives. These are assets whose news is not linked to news in the Middle East, where the rise of power is not limited to geopolitical solutions. Here begins the conversation about the circulation of liquidity. Oil at $108 could rise another 10%, but what has already risen, can it return without the same catalyst?

Bitcoin Hyper ($HYPER) is positioning itself as one of these early asymmetric bets, and the presale numbers are hard to ignore. The project presents itself as Bitcoin’s first Layer 2 with Solana Virtual Machine (SVM) integration, providing sub-second end speed and smart contract programmability, while building on Bitcoin’s security layer.

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 yield of up to 36%, and the decentralized bridge for transferring Bitcoin is a notable technical feature, as it combines the liquidity of Bitcoin and the speed of Solana, without the complexities of Ethereum.

This offering aims to address the three main limitations of Bitcoin: slow transactions, high fees, and lack of programmability.

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