Reuters, citing two sources familiar with the matter, reported that U.S. President Donald Trump is expected to review a range of proposed options today to curb soaring oil prices in global markets.
According to the sources, the options under consideration include economic measures aimed at reducing energy price volatility and its impact on the U.S. economy.
The sources indicated that these options include imposing restrictions on U.S. oil exports, as well as the possibility of intervening in energy futures markets to limit speculation that could contribute to price increases.
The options also include offering exemptions from some federal energy-related taxes in an effort to ease the burden on consumers and markets.
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