I can't say that they have a connection or oil and bitcoin are relying to the same market but I think if the world's economy we are talking about here, they are part of it so if oil's price goes up I'm not saying that bitcoin's price will go down.
I don't think there is a connection of oil price hike to bitcoin, its a commodity will affected, as i experience if the oil price will hike the commodity will also hike, bitcoin don't.