US Officials Have Discussed Trading Oil Futures, Burgum Says (1)

The Trump administration has discussed trading in the oil futures market as a strategy to help curb surging crude prices amid the war in Iran, Interior Secretary Doug Burgum said.

Burgum, however, said he wasn’t aware whether the US had actually intervened in the market at this point.

“I would say there has been a discussion. We have a lot of smart people working in this administration — a lot of smart people work in the energy trading market,” Burgum said during an interview with Bloomberg Television in Tokyo on Saturday. “An intervention to try to manipulate and lower prices ...