Trump admin reportedly rules out deploying Treasury Department to trade oil futures for now amid belief that it will have a limited meaningful effect, Bloomberg sources report
Newsquawk Staff ·
Trump admin reportedly rules out deploying Treasury Department to trade oil futures for now amid belief that it will have a limited meaningful effect, Bloomberg sources report.
What it means
The Trump administration's decision to rule out the deployment of the Treasury Department for trading oil futures suggests a cautious approach to market intervention. This indicates that officials perceive limited potential impact on oil prices, which could maintain volatility and uncertainty in the energy sector. Moreover, the implications for related currencies (like USD and JPY) and broader market sentiment might warrant close observation as geopolitical dynamics continue to unfold.
Sources
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"
- US President Trump posts "Congratulations to Lorne Doerkson on his Big Victory. Conservatives are moving strong in Canada!"
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