Oil advanced above $84 a barrel as traders assessed the possibility that OPEC+ won’t step up the pace it’s increasing supply, while awaiting the latest insight into U.S. crude stockpile trends. West Texas Intermediate climbed 0.3%, extending a three-day gain, as Brent rose. The Organization of Petroleum Exporting Countries and its allies meet Thursday to set output policy. Members including Kuwait have said that there’s no need add barrels at a faster clip even though key consumers including the U.S. have urged them to do so. Should that happen, the Biden administration may release crude from strategic reserves , according to RBC Capital Markets. The backdrop to the cartel’s upcoming gathering has been marked by fast-falling U.S. oil inventories, which have sunk to a three-year low at the key storage hub in Cushing, Oklahoma. Later Tuesday, the American Petroleum Institute will issue estimates for Cushing as well as nationwide […]