Looks like there are some sensible people in the White House: The Trump administration has ruled out the possibility of having the Treasury Department trade crude oil futures, believing that such a move would have limited real impact on the market. Well, spent the afternoon digging through a bunch of materials and now looking at the analysis. Although it also suggests that Treasury intervention in crude oil futures might have some short-term effects, it could easily lead to the market betting against the government, and in the long term, it still comes down to supply.