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

Published by
Reuters UK

By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices rose on Friday 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 eased as U.S. earnings season unofficially began. Major U.S. banks reported lower profit on Friday in a quarter hit by special charges and job cuts. Even as its quarterly profit fell, JPMorgan Chase reported its best-ever annual profit and forecast higher-than-expected interest inco…

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