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.
Source: Cnbc.com
Original source: https://www.cnbc.com/2026/03/16/bessent-says-treasury-is-not-intervening-in-oil-commodities-markets-and-has-no-authority-to-do-so.html
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