Yahoo Finance Live anchors Rachelle Akuffo and Akiko Fujita look at where markets settled to end the week, with tech stocks driving the biggest gains.
After a scorching start to the year, oil prices have cooled off a bit in recent weeks. Crude oil prices have fallen from over $120 a barrel at the beginning of June to a recent range in the low $90s. Because of that, oil companies aren't making quite as much money as they were earlier this year.
The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of U.S. sanctions, a top Indian central banker said on Saturday. The U.S. Treasury Department told India that an Indian ship picked up oil from a Russian tanker on the high seas and brought it to a port in Gujarat on the west coast, where it was refined and shipped on, said Reserve Bank of India Deputy Governor Michael Patra. U.S. sanctions on Moscow for its February invasion of Ukraine prohibit the import to the United States of Russian-origin energy products including crude oil, refined fuels, distillates, coal and gas.