UPDATE 3-US weighs oil futures market action to combat price spikes, White House official says
UPDATE 3-US weighs oil futures market action to combat price spikes, White House official says is drawing significant interest across the industry.
The U.S. Treasury Department is expected to ?announce ?measures as soon as Thursday aimed at combating rising energy prices in the wake of the Iran conflict, including potential action involving the oil futures market, a senior White House official said. The potential move would mark an unusual attempt by Washington to influence energy prices ?through financial markets rather than physical oil supplies, as officials race to blunt the political and economic impact of rising fuel costs.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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