By Stephanie Kelly NEW YORK (Reuters) -Oil prices dropped nearly 2% on Wednesday, eating into the previous day’s gains as investors monitored developments in the Red Sea, where shippers are returning despite further attacks on Tuesday. futures settled down $1.42, or 1.8%, at $79.65 a barrel. U.S. West Texas Intermediate…

Investing.com — Oil prices retreated Thursday as concerns surrounding supply disruptions through the crucial Red Sea region eased, while stockpiles continued to grow. By 09:00 ET (14.00 GMT), the U.S. crude futures traded 0.6% lower at $73.67 a barrel and the contract dropped 0.6% to $79.05 a barrel. Maersk returns…

By Jonathan Landay WASHINGTON (Reuters) -In its latest response to attacks on shipping by the Houthis, the U.S. on Thursday sanctioned an individual and three currency exchange houses it accused of facilitating the flow of Iranian financial assistance to the Yemeni movement. Two of the exchange houses are based in…

(Reuters) -A Panama-flagged bulk carrier that was heading to the River Danube port to load grain hit a Russian mine in the Black Sea, injuring two crew members, Ukrainian officials said on Thursday. The incident that took place on Wednesday was the latest instance of a civilian vessel hitting an…

WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production. The United States suspended import tariffs of 25% on EU steel and 10% on EU aluminum…

By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated. The more active futures for March delivery settled down $2.39, or 3%, at $77.15.…

By Adriano Machado SUCUNDURI, Brazil (Reuters) – Deep in the Amazon (NASDAQ:) rainforest, Brazil is fighting destructive wildcat gold mining as it spreads from Indigenous lands into government-protected conservation areas. Federal Police have joined the government’s biodiversity conservation agency ICMBio on a series of recent operations to catch illegal gold…

By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and iron ore prices surged in 2023, while and coal prices tumbled, with most agricultural products expected to outperform energy and industrial metals in the New Year amid supply constraints and dry weather. The Thomson Reuters/CoreCommodity CRB Excess Return Index,…

By Nicole Jao NEW YORK (Reuters) -Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. on Friday, the last trading day of the year, settled at $77.04 a barrel,…

By Ange Kasongo KINSHASA (Reuters) – When Democratic Republic of Congo’s President Felix Tshisekedi was declared the winner of another disputed election on Sunday, he pledged be a leader for all its 100 million people. However, accusations by opposition leaders of electoral fraud and political repression will likely cloud his…