I honestly don't see any connection to Bitcoin in this case, and if the prices of both responded similarly in some ways previously, it's likely coincidence. I might have missed something fundamentally, but that's my opinion.
PetroCoin (MaduroCoin) however will benefit from an increasing oil price, so I assume that the investors and backers of this governmental garbage will happily look forward to what the future brings.
I'm interested in reading your theory. If it's convincing and makes me look at the situation differently in terms of Bitcoin, I will Merit your theory.
It does have a big connection, allow me to give you a scenario where oil price hikes are the main contributors of commodities increasing in prices. Because as of right now majority of the world depends on oil as cargo ships, passenger airplanes, delivery trucks all of those machines needs oil and if these companies are affected by the price increase of oil it will lead to an increase in their product to compensate with the oil price hike. An increase in product cost will lead to an increase in daily living expense which of course will lead to some cryptocurrency holder liquidating their crypto assets for Fiat. And now we arrive to a conclusion that Oil Price Hikes may decrease the value of Bitcoin. Think of it as a recession where all assets are down as everyone is liquidating in order to have fiat.