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
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.
India has asked all its refiners to maximise production of liquefied petroleum gas and make the fuel available only to three state-run companies - Indian Oil (IOCL IS), HPCL (HPCL IS) and BPCL (BPCL IS), a government cited by ET order showed.
Newsquawk Daily European Equity Opening News - 6th March 2026
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
New version of DeepSeek to potentially be unveiled over the weekend, via X
Hungarian PM Orban says they are ready to step into the fuel market if necessary
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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.
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