"You know, what happens in White houses is that people come on a show like this and then they'll tell you what they think. But the best measure of what you think or what you should think about the future of oil prices is what we see in futures markets. And I actually believe what we in futures market, which is that this is going to end relatively quickly."
"In the futures markets, they've got the price of oil dropping about as fast as I've ever seen it going down in the end of the horizon to below $50 a barrel. And so that's what Financial markets are saying right now. So financial markets agree with what President Trump says, which is that this is a temporary shock, that we're not going to eliminate the harm from the disruption, but we're going to minimize the harm."
Fox News correspondent Jacqui Heinrich questioned National Economic Council Director Kevin Hassett about Energy Secretary Chris Wright's evasive response on NBC's Meet the Press regarding potential $200 per barrel oil prices amid geopolitical tensions. Wright declined to directly answer whether Americans should worry about such price increases. Heinrich pressed Hassett on the same question during Fox News Channel's The Sunday Briefing. Hassett deflected by citing futures markets as the best indicator of oil price expectations, noting that current market data shows oil prices declining to below $50 a barrel. Hassett characterized the situation as a temporary shock and aligned market expectations with President Trump's assessment that disruption harm would be minimized.
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