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$113 Oil Is the Top. Sell the War Premium.
WTI crude hit $113.08 on April 2 — up 13% in a single session, up 58% since early February. The financial media is running 1970s stagflation comparisons. Energy Twitter is calling for $150. And that is exactly why this is the top. Every geopolitical oil spike in modern history has been a sell signal, not a buy signal. The 1990 Gulf War spike reversed within months. The 2003 Iraq invasion premium evaporated. The 2019 Abqaiq attack — a direct hit on 5% of global supply — added $10 to Brent for exactly two weeks. The crowd panicking into oil at $113 — ignoring what every prior oil spike should have taught them — is making the same mistake traders have made for 50 years: extrapolating a crisis forward indefinitely.
April 2, 2026Read More