Oil held gains as the market shrugged off measures from US President Joe Biden to tame rising energy prices that have fueled inflation. West Texas Intermediate for December traded near $85 a barrel after rising 3% on Wednesday. Biden confirmed the release of 15 million barrels from the US strategic reserve and said more supplies could be tapped, but didn’t announce any other actions such as curbing fuel exports. Crude has been whipsawed by concerns over a global economic slowdown and the prospect for further tightening following OPEC+ output cuts from November. European Union sanctions on Russian seaborne oil exports that take effect in December have added another layer of uncertainty to supply. Fuel stockpiles are tightening from Europe to the US. America is down to 25 days of diesel supply, the lowest level since 2008, as consumption of the fuel surges heading into winter, according to the Energy […]