U.S. stocks rose Friday, boosted by hopes that inflation is moderating. This put them on track for strong weekly gains.

President Gustavo Petro has announced that he will take responsibility for setting Colombia's household utility bills, in order to cut electricity tariffs at a time of soaring inflation.

India’s oil processors are willing to buy more Russian crude if the price is right, said refinery executives, potentially providing a bigger outlet for Moscow almost a year after its invasion of Ukraine.

U.S. stocks fell Wednesday, as another busy day of earnings gave investors a fresh sense of how companies are coping with an economic slowdown and higher interest rates.

Industrial commodity prices have been on the rise again recently, and investors are expecting further increases in the future.