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

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

Treasury Secretary Scott Bessent told CNBC on Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. "That rumor's in the market," Bessent told CNBC's Brian Sullivan during a "Squawk Box" interview.

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