--- title: "Reversal! Report: The Trump administration has shelved the Treasury Department's plan to \"manipulate\" crude oil futures" type: "News" locale: "en" url: "https://longbridge.com/en/news/278042098.md" description: "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" datetime: "2026-03-06T07:07:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278042098.md) - [en](https://longbridge.com/en/news/278042098.md) - [zh-HK](https://longbridge.com/zh-HK/news/278042098.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278042098.md) | [繁體中文](https://longbridge.com/zh-HK/news/278042098.md) # Reversal! Report: The Trump administration has shelved the Treasury Department's plan to "manipulate" crude oil futures According to a knowledgeable source, the Trump administration has temporarily ruled out the possibility of involving the Treasury Department in crude oil futures trading, as officials believe the effectiveness of such a move may be moderate. The source indicated that government officials had discussed allowing the Treasury to participate in energy futures trading but concluded that the department's ability to have a substantial impact on the market is limited. The source noted that conflicts have led to a surge in the average daily trading volume of crude oil futures, diminishing the potential influence of any single participant. The government is also less inclined to immediately utilize the Strategic Petroleum Reserve, as it was heavily used during former President Joe Biden's administration, and the current fill rate is only about 60%. The losses incurred from frequent releases of oil reserves and the demand for deferred maintenance have created additional complexities. However, if the government ultimately chooses to activate this measure, even a small release could send an important signal to the market about stabilizing it. (Bloomberg) Risk Warning and Disclaimer The market carries risks, and investment should be approached with caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk ### Related Stocks - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md) - [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md) - [ProShares Ultra Bloomberg Crude Oil (UCO.US)](https://longbridge.com/en/quote/UCO.US.md) - [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md) - [United States 12 Month Oil (USL.US)](https://longbridge.com/en/quote/USL.US.md) - [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md) - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) ## Related News & Research - [ConocoPhillips Stock (COP) Moved Up by 3.30% on Apr 2: A Full Analysis](https://longbridge.com/en/news/281540399.md) - [LIVE MARKETS-Individual investors remain deeply pessimistic on stocks - AAII](https://longbridge.com/en/news/281555073.md) - [Oil up over 1% as Mideast uncertainty keeps market jittery](https://longbridge.com/en/news/281301508.md) - [Trump speech unleashes more pain on US consumers with $5 gasoline, record diesel in sight](https://longbridge.com/en/news/281550771.md) - [TRADING DAY-Oil Strait back up again](https://longbridge.com/en/news/281575673.md)