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Scott Bessent

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Close-up of a vintage gas pump station showing fuel prices and octane ratings in Los Angeles.
Posted inBusiness

US Treasury Secretary Projects Oil Price Drop to $40 to $50 Amid Supply Surge

US Treasury Secretary Scott Bessent forecasts a medium-term oil glut and significant price drops as new supply enters the market after the Iran conflict.
Posted by srkanalytics.srk@gmail.com September 26, 2026

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