Trump pledges to support oil, gas industries amid oil futures crash

Washington, April 22 US President Donald Trump has directed his administration to work on a plan to get funding to the oil and gas industries as a steep sell-off in oil futures continued.

"We will never let the great US Oil & Gas Industry down," Trump tweeted on Tuesday morning, Xinhua reported.

"I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!" Trump said.

At a White House press briefing on Monday, Trump said that the US was "looking to" add as much as 75 million barrels of oil to its Strategic Petroleum Reserve (SPR) "based on the record low price of oil".