US has discussed trading crude futures in order to lower prices: Burgum

AI Summary

US Secretary of the Interior Doug Burgum revealed that Trump administration officials have discussed taking positions in crude oil futures markets as a mechanism to lower oil prices. While Burgum confirmed no trading activity has occurred yet, the disclosure signals unconventional policy thinking about direct government intervention in commodity markets.

Trump administration officials have held discussions about taking positions in crude oil futures markets in order to lower prices, US Secretary of the Interior Doug Burgum said. In an interview with Bloomberg TV in Tokyo, Burgum said he was not aware of any US government trading activity to date, but confirmed that it was among ...