Bloomberg Oil snapped a four-day drop amid an outage on a major US pipeline and optimism over China’s reopening. West Texas Intermediate climbed as much as 4.8% in New York, surpassing $75. The Keystone oil pipeline, which can haul more than 600,000 barrels a day of crude from Canada into the US, was halted after spillage into a creek. ...

Bloomberg Mobile industry bellwether Murata Manufacturing Co expects Apple Inc to reduce iPhone 14 production plans further in the coming months because of weak demand, which would force the supplier to again cut its outlook for its handset-component business. “Judging by handset availability in stores, I see a downward revision happening,” Murata President Norio Nakajima said in an interview. “I ...

  Bloomberg Tesla Inc is offering further incentives to Chinese customers who buy and take delivery of new cars this month, in the latest move to boost sales in the world’s biggest electric vehicle market. Elon Musk’s EV pioneer will subsidise purchases by 6,000 yuan ($860) for Model 3 sedans and Model Y sports utility vehicles, which currently start at ...