Oil Price Prediction: Trading Oil With Crypto? Is It Time to Long Oil?

Brent crude oil just posted its biggest monthly price gain on record, 51% since the opening day of the month, and crypto traders are watching both the oil chart and their crypto positions simultaneously before making any prediction. Bitcoin rebounded 2% intraday to $67,000 even as oil shockwaves rattled equities, raising a question active traders are increasingly asking: is the real opportunity in oil, crypto, or som…