According to The Kobeissi Letter, crude oil prices have surged to $76 per barrel, marking a 40% increase since April 9, 2025 (source: Twitter, @KobeissiLetter). This significant rise in energy prices reverses the trend of lower inflation seen during President Trump’s term, where cheaper oil was used as a tool to drive inflation down. For crypto traders, heightened energy costs typically pressure traditional asset markets, historically leading to increased volatility and correlated movements in major cryptocurrencies like BTC and ETH. Traders should monitor oil price trends closely, as sustained high energy costs may influence inflation expectations, monetary policy, and crypto price action.