Brent oil hovers below $112 after retreating from earlier spike amid supply fears
March 19, 2026
(Investing) – Oil prices pared back some earlier gains, but remained higher, as escalating strikes on key Middle East energy infrastructure heightened fears over expanded crude supply disruptions. Brent oil futures, the global benchmark, spiked 3.5% to $111.13 a barrel by 10:18 ET (14:18 GMT). Earlier this morning, Brent futures climbed to roughly $119 a barrel, its highest level in over
