By Andrea Shalal WASHINGTON (Reuters) -The White House on Friday said it was closely monitoring Houthi attacks on ships in the Red Sea, but did not expect the situation to have a significant impact on holiday prices or the availability of products. Lael Brainard, director of the White House National…

Investing.com– Oil prices kept to a tight range in holiday-thinned Asian trade on Tuesday, as markets weighed the prospect of continued supply disruptions in the Red Sea against fears of higher production in 2024.  Crude prices saw some strength over the past week as attacks by the Iran-aligned, Yemeni Houthi…

Investing.com– Gold prices rose in low-volume Asian trade on Tuesday, breaking out of a trading range seen through most of December as soft U.S. inflation data fueled more bets on early interest rate cuts in 2024.  The yellow metal saw a strong run of gains in recent sessions, following a…

By Francois Murphy VIENNA (Reuters) -Iran has reversed a months-long slowdown in the rate at which it is enriching uranium to up to 60% purity, close to weapons grade, the U.N. nuclear watchdog said on Tuesday. Many diplomats believed the slowdown, which had begun by June, was the result of…

By Gary McWilliams HOUSTON (Reuters) – The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies’ high stock prices to secure lower-cost reserves and prepare for the next upheaval in an industry likely to undergo more consolidation. A surge in oil demand…

By Arathy Somasekhar and Georgina McCartney HOUSTON (Reuters) -Oil climbed more than 2% on Tuesday to its highest level this month, as further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand.…

By Naveen Thukral SINGAPORE (Reuters) -High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, export restrictions and higher biofuel mandates. Global wheat, corn and soybean prices -…

Investing.com– Gold prices kept to a tight range in Asian trade on Wednesday after rising optimism over early interest rate cuts by the Federal Reserve drove a strong melt-up in prices through December.  The yellow metal blew past key levels in recent sessions, and was now trading less than $100…

(Reuters) – The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year, the U.S. Department of Energy said on Tuesday. The department said it bought the oil, for delivery to a…

Investing.com — Oil prices fell Wednesday, handing back some of the previous session’s gains, as shipping companies returned to the Red Sea despite fresh attacks, stabilizing supplies through this crucial region. By 09:15 ET (14.15 GMT), the futures traded 0.4% lower at $75.27 a barrel and the contract dropped 0.3%…