Energy Secretary Aims to Reassure Oil Bosses Amid Trade War (1)

Energy Secretary Chris Wright sought to reassure US oil companies during a visit to Oklahoma, saying turmoil from President Donald Trump’s trade war is apt to be fleeting and the administration fully supports more crude output.

“The uncertainty you are seeing around tariffs — that’s a short term issue,” Wright said during an interview with Bloomberg Television at an energy conference in Oklahoma City. He later added: “We’re doing everything we can to encourage production.”

Wright, who previously ran one of the world’s biggest fracking-service providers, said the uncertainty roiling the broader market is because the US in the ...