Axios

Agriculture Secretary Sonny Perdue directed the USDA Forest Service on Friday to prioritize resource extraction in national forests and grasslands, particularly for grazing, mining, oil and gas development.

Our thought bubble via Axios' Amy Harder: The move shows how deep into the federal bureaucracy the Trump administration is reaching to remove regulations and, it argues, help the economy recover from the pandemic-induced recession.

The crude oil price recovery has hit the skids, a gloomy sign for U.S. producers, some of whom are risking bankruptcy.

What's happening: Oil prices are on track for their first weekly decline in well over a month, per Reuters.