Biesen has stated that the United States can unilaterally release oil reserves again without intervening in oil-related financial markets.

US Treasury Secretary Scott Benett said that the United States will not intervene in oil-related financial markets, but may further release reserves to lower oil prices. "The United States can unilaterally release SPR again to suppress oil prices," Benett said on Fox Business Channel on Thursday, referring to the Strategic Petroleum Reserve. Benett pointed out that there had been speculation before that the US Treasury Department would intervene in the crude oil futures market, but "we absolutely will not do that." "We will not intervene in the financial markets," he said.