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Oil gains after US, UK strike on Houthis; U.S. yields ease after PPI

Published by
Reuters

By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, while U.S. Treasury yields eased on news that U.S. producer prices unexpectedly fell in December. Wall Street stocks dipped in early trading as U.S. earnings season unofficially began. Major U.S. bank fourth-quarter profits fell, and an S&P 500 bank index was down 0.9%. U.S. and British warplanes, ships and submarines launched dozens of air strikes across Yemen overnight in retaliation agains…

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