Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so

Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil prices.

# Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil prices. **Read the full article:** [CNBC](https://www.cnbc.com/2026/03/16/bessent-says-treasury-is-not-intervening-in-oil-commodities-markets-and-has-no-authority-to-do-so.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*