U.S. President Donald Trump directed the Department of Energy to buy oil for storage when oil prices dropped during the COVID-19 pandemic .
On 13 March , due to oil prices posting their largest single-week decline since 2008 , U.S. President Donald Trump announced that he was directing the U.S. Department of Energy to purchase oil for the U.S. Strategic Petroleum Reserve.
Socio-economic impact of the 2019–20 coronavirus pandemic