🔴 "Trump: Urgently Need to Implement Additional Measures to Reduce Pressure on the Oil Market".

The United States is expected to announce measures to counteract soaring energy prices as early as Thursday.
Instead of releasing oil from the Strategic Petroleum Reserve as before, the U.S. Department of the Treasury plans to use the futures oil market to reduce short-term pressure.
However, many experts are skeptical. Some analysts believe that if the U.S. Department of the Treasury intervenes in the oil market, it could be beyond its authority.
Analyst John Kilduff, a partner at Again Capital, said that market tricks in the bond market are ineffective in the crude oil market. The U.S. Department of the Treasury naturally plays a role in the bond market but does not have a similar position in the oil market, and large-scale short selling of futures contracts would require significant capital and pose high risks if global supply continues to be disrupted.
Trump also stated in interviews that he has no intention of using the Strategic Petroleum Reserve.
Source: Vnwallstreet