Oil Just Exploded Above $110, And Markets Are Suddenly Pricing In A Global Supply Crisis

One of the biggest oil spikes in years is rattling Wall Street… but traders still aren’t convinced it will last. April 03, 2026

Research: Illustration

Date: April 03, 2026

Estimated reading time: 5 minutes

Oil markets just experienced one of the most violent moves in years.

West Texas Intermediate surged more than 11% in a single session.

Traders scrambled for near-term supply.

Energy stocks jumped.

Inflation fears exploded higher.

And suddenly:

the entire market is asking whether this i…