By Caitlin McCabe
Oil prices advanced and U.S. stock futures retreated Friday despite U.S. efforts to stave off a full-blown energy crisis.
Brent crude oil futures, the international benchmark, were up roughly 2% at around $111 a barrel. Prices touched $119 early Thursday but fell back later in the day.
On Thursday, U.S. officials sought to calm markets, with Treasury Secretary Scott Bessent saying the U.S. is considering removing sanctions from Iranian oil at sea. That would free up about 140 million barrels of oil and offer some reprieve to U.S. allies.
Israeli Prime Minister Benjamin Netanyahu also said Israel would hold off on future strikes against an Iranian gas facility at President Trump's request.
U.S. stock futures retreated, after two days of losses for all three major stock indexes. All three are on track to fall for a fourth straight week. The Stoxx Europe 600 rose, after a drop Thursday that wiped out its gains for the year. Asian indexes mostly fell.
Gold rose, after a selloff that sent the precious metal falling for six of the last seven days. Treasury yields rose alongside the U.S. dollar.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 20, 2026 06:53 ET (10:53 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.

