Core Viewpoint - The U.S. Treasury Secretary Scott Bessent stated that the administration has no plans to intervene in financial markets, particularly regarding oil prices, and may lack the authority to do so even if desired [1][3]. Group 1: Government Intervention - There have been rumors about the Treasury Department potentially intervening in oil futures markets to lower prices, which would be an unprecedented move [2]. - Historically, presidents have authorized releases from the Strategic Petroleum Reserve during energy sector stress, but direct intervention in futures markets is not common practice [2]. Group 2: Market Response - Bessent acknowledged the market rumors during a CNBC interview, indicating that such speculation often arises during significant price fluctuations [3]. - On the day of the interview, U.S. crude oil prices fell by 1.9% to $96.86 per barrel, while Brent crude prices increased slightly to $103.15 [3].