Scott Bessent: “West Texas is down about 20, 25% from, from the closing peak…”

“President Trump and yourself obviously have been balancing this, you know, getting rid of a potential nuclear terrorist with the idea that oil prices and gas prices have to go down before the midterms. Well, they will. You know that oil prices, crude, West Texas is down about 20, 25% from, from the closing peak a couple of weeks ago. It's down about 12% this month. Gasoline prices are down, I think about 5% now. And they will go back down.” (06:17–06:24)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.