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Oil Prices Retreat As Biden Plans Major Federal Tax Hike

Oil Prices Retreat As Biden Plans Major Federal Tax Hike
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

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11Mar2021 Market Close: Wall Street Closed Up Sharply Following Biden Signature On COVID Bill, DOW Up 189 Points, Nasdaq Up 2.5%, WTI Crude Up 66.09, Bitcoin Higher At 57800

On the heels of Biden s big blowout, the dollar is tumbling.(biggest 3-day slump since the election/vaccines in early Nov).
Source: Bloomberg
And bitcoin surged back up near $58,000, erasing the losses from its record highs in mid-Feb.
Source: Bloomberg
Did Washington just cut the rope from reality?
On Thursday China s parliament approved a resolutionÂ to impose sweeping changes on Hong Kong s electoral system which is ultimately aimed to ensure that mainland loyalists are in firm control of running the city.
The new requirement of patriotism to run for Hong Kong s legislature means the likelihood that future elections will merely be a competition among candidates over who is more loyal to Beijing, rather than running based on bettering the city. ....

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