Global Oil Prices Hit $112 as Markets Brace for More Fallout -- WSJ-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Global Oil Prices Hit $112 as Markets Brace for More Fallout -- WSJ

Dow Jones03:16

By David Uberti

A wild week of trading pushed global oil prices to their highest close since 2022 as investors buckled up for lengthy fallout from the war. Benchmark Brent futures settled Friday at $112.19 a barrel after touching $119 in intraday trading Thursday. Tit-for-tat strikes on regional energy sites are raising the prospect of an extended supply disruption that some analysts are already calling the worst in history.

Traders have increasingly bid up prices for longer-term oil supplies in response. Contracts for Dec. 2027 deliveries of Brent crude now run about $78 a barrel, up from less than $66 a month ago. While those figures don't represent a price forecast, they signal how producers, consumers and traders are factoring in protracted risks from the war.

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 15:16 ET (19:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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