Senior White House Official says Treasury expected to announce measure as soon as Thursday to combat rising energy prices that includes using oil futures market

Senior White House Official says Treasury expected to announce measure as soon as Thursday to combat rising energy prices that includes using oil futures market.

The statement from a senior White House official indicates a potential governmental intervention to address rising energy prices, which could include mechanisms involving the oil futures market. This action suggests an escalation in policy efforts to stabilize energy prices amidst current volatility, likely impacting WTI and broader commodities. Market reactions might focus on how effective these measures could be in curbing inflation and influencing crude oil supply dynamics.