Brent crude fell for the third time in four days as Iraq pledged to increase output and exports. West Texas Intermediate traded near $106 a barrel amid speculation that an Obama administration ruling on U.S. fuel exports will have a limited impact on markets.
West Texas Intermediate crude pared gains amid speculation that an Obama administration ruling on U.S. fuel exports would have limited impact on global markets. Brent’s premium narrowed as Iraq pledged to increase exports.
China said it’s dissatisfied with a U.S. decision to apply preliminary duties on Chinese solar equipment imports, imposed after the U.S. government determined they’d benefited unfairly from government subsidies.
Virtru Corp., a startup that wants to make encrypting e-mails easier, has raised $6 million from Bessemer Venture Partners in a bet that mainstream Internet users and businesses want more control of their data to foil hackers and government spies.
U.S. Steel Corp., the largest domestic producer of the metal, said it will close two of its mills that make tubes used by oil and natural gas companies as the U.S. Commerce Department reviews an anti-dumping case.
Solar manufacturers including a unit of SolarWorld AG are preparing a U.S. trade complaint against China, as they seek to counter low-cost, subsidized imports, according to people familiar with the matter.