Bessent says U.S. hasn't intervened in energy derivatives markets

This is a start for mainstream financial journalism. Maybe someday Bloomberg will ask about intervention in the gold derivatives markets. * * * By Alex Longley and Alexander Pearson Bloomberg News Monday, March 16, 2026 The United States has not intervened in energy derivatives markets, Treasury Secretary Scott Bessent said, after the Middle East conflict pushed crude futures to the highest in almost four years. "That rumor's in the market," Bessent said in an interview with CNBC when asked whether the U.S. could act in derivatives contracts to bring down the price of oil. "We haven’t done that." ... Dispatch continues below ... ... ADVERTISEMENT ... Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:  http://www.goldmoney.com/?gmrefcode=gata The U.S. has been mulling a menu of possible options to tame the surge in oil prices, people familiar with the matter said last week, which included the possibility of the Treasury Department trading oil futures. Questions remain about the effectiveness and mechanics of oil futures trading by the Treasury, the people said at the time. ... ... For the remainder of the report: https://www.bloomberg.com/news/articles/2026-03-16/bessent-says-us-hasn-t-intervened-in-energy-derivatives-markets * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://tinyurl.com/3xt6uw66 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png