US NEC Director Hassett says they are in constant communication with oil firms, speaking on how to increase production "soon"

The remarks from US NEC Director Hassett underscore potential government efforts to boost oil production, which may help alleviate current supply constraints.

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This could lead to stabilization in oil prices, impacting currencies tied to energy exports such as the Canadian dollar, and may also influence broader market sentiment, especially in equities related to the energy sector.

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