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The market is starting to hype again: Is the U.S. Treasury Secretary preparing to directly intervene in the crude oil futures market!?
Due to the surge in crude oil prices, the Trump administration is urgently evaluating options to suppress oil prices.
Currently, the options under consideration include releasing strategic petroleum reserves (SPR), possibly coordinating with other countries to maximize impact; waiving fuel blending requirements; and direct involvement by the U.S. Department of the Treasury in crude oil futures trading.
The previous interventions were quite routine, but the last one is very eye-catching—such an intervention would be unprecedented.
So, can the U.S. Department of the Treasury really intervene in the crude oil futures market?