Oil steadied after a two-day gain as traders waited for further signals from the White House on whether it will tap the Strategic Petroleum Reserve, possibly coordinating a release of crude with other nations. West Texas Intermediate was little changed after advancing almost 4% over the past two sessions. Energy Secretary Jennifer Granholm said President Joe Biden may make an announcement to address high prices this week. As part of that process, Granholm said officials will scrutinize the Energy Information Administration’s Short-Term Energy Outlook due later on Tuesday. While President Joe Biden has been “jaw-boning” OPEC+ to pump more crude, the rest of the world finds it odd that the leader of the top oil producer isn’t paying more attention to domestic shale, said oil historian Daniel Yergin. He spoke to Alix Steel and Guy Johnson. Oil soared to a seven-year high last month as a revival in consumption […]