Notifications Bell

Energy markets on edge

Energy markets on edge

Chinese stock exchanges exempt companies from covid-affected areas of taxes

  • U.S. energy firms this week reduced the number of #oil rigs active in the United States even as crude prices continued to trade over $100 a barrel
  • Mainland Chinese stock exchanges have eliminated some of their taxes for companies located in areas where there have been outbreaks of covid in order to cushion the economic impact of the country's severe containment measures
  • The #euro weakened but was set for its biggest weekly gains in six weeks as traders breathed a sigh of relief after Russia avoided default on dollar-denominated debt
  • #BTCUSD plummeted 2.1%
  • #WTIUSD exploded 1.4%
  • #XAUUSD plummeted 1.1%


The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.