[U.S. Interior Secretary: Trump Administration Discussed Using Crude Oil Futures to Intervene in Oil Prices, Unclear if Action Has Been Taken] According to Jintou News, U.S. Interior Secretary Doug Burgum stated that the Trump administration had discussed curbing oil prices through trading in the crude oil futures market. However, Burgum said he is unsure whether the U.S. has currently taken any actual market intervention. On Saturday, Burgum said: 'I have to say, there were indeed such discussions. There are many smart people in this administration—and there are also many smart people in the energy trading market. Attempting to manipulate and lower prices through intervention requires massive amounts of capital. That’s all I can say on this matter.' The head of a company responsible for overseeing West Texas Intermediate (WTI) crude oil futures trading warned that if the federal government starts trading derivatives to lower crude oil prices, it would be a 'biblical-level disaster.'