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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.

1 report1 sourceMar 16, 2026, 2:25 PM
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CNBCMar 16, 2026, 2:25 PM

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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