US Treasury Denies Intervention in Oil Commodities Markets

A Treasury official, Bessent, stated that the Treasury Department is not intervening in oil commodities markets and lacks the authority to do so, addressing rumors of government intervention to lower oil prices.

16 Mar, 12:28 — 16 Mar, 12:28

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cnbcMostly Factual3d ago

Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so

Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil prices.

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US Treasury Denies Intervention in Oil Commodities Markets

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Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so

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