Crude Oil Trading Guide: Everything About Oil Stocks - eToro
As of late April 2026, the oil market is navigating extreme volatility driven by conflict in the Middle East and the closure of the Strait of Hormuz , which has pushed Brent crude prices toward $105–$130 per barrel. While these geopolitical shocks have made energy the best-performing S&P 500 sector this year, analysts from J.P. Morgan and the IEA warn of looming "demand destruction" and a potential price correction toward $60–$70 per barrel by late 2026 if supply stabilizes. Core Investment Strategies
