Oil steadied as investors weighed the odds that the White House will intervene to try and cool prices , with President Joe Biden saying that reversing inflation is now his top priority, particularly in energy. West Texas Intermediate was little changed after losing 3.3% on Wednesday. The president is facing growing pressure to address rising prices as gains in consumer costs hit the fastest pace in decades, possibly with measures such as tapping the Strategic Petroleum Reserve or even banning exports. Eleven Democratic senators urged Biden to act on the issue in a letter this week. As much as 60 million barrels may be released from the Strategic Petroleum Reserve, in part by bringing forward mandated sales from 2022, according to Citigroup Inc. The move is possible even after the Energy Information Administration ’s latest outlook pointed to a looser market in 2022, Citi said. Oil rallied to a […]