Reversal! Report: The Trump administration has shelved the Treasury Department's plan to "manipulate" crude oil futures
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The Trump administration has temporarily shelved plans for the Treasury Department to participate in crude oil futures trading, believing its impact on the market would be limited. Officials have discussed allowing the Treasury to engage in energy futures trading, but due to the surge in market trading volume, the influence of any participant has been diminished. Additionally, the government is reluctant to immediately tap into the Strategic Petroleum Reserve, as its fill rate is only about 60%. If this measure is ultimately implemented, it could send a stabilizing signal to the market
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