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• API Reports Draw In Crude Oil Inventories
  Crude oil inventories in the United States fell this week by...
  Crude oil inventories in the United States fell this week by 1.519 million barrels for the week ending March 15, according to The American Petroleum Institute (API), after analysts had predicted a 77,000 barrel build. The API reported a large 5.521-million-barrel rise in crude inventories in the week prior.
  
  On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 0.7 million barrels as of March 8. Inventories are now at 362.3 million barrels. 
  
  Cushing inventories also rose this week, gaining 325,000 barrels after falling by 998,000 barrels in the previous week.
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• Grayburg-Jackson Field may hold untapped potential
  Houston-based producer HNR Acquisition has completed an analysis indicating...
  Houston-based producer HNR Acquisition has completed an analysis indicating that the addition of perforations to its existing wells in the Grayburg-Jackson Field of the Permian Basin could unlock an additional 34 million barrels of untapped oil reserves, on top of the more than 15 million barrels of proven reserves. "We believe that based on historical perforations, only 44 percent of the Grayburg-San Andres had been tapped," said HNRA Vice President of Operations Jesse Allen.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for April delivery...
  Benchmark U.S. crude oil for April delivery rose 75 cents to $83.47 per barrel Tuesday. Brent crude for May delivery rose 49 cents to $87.38 per barrel.
  
  Wholesale gasoline for April delivery was unchanged at $2.76 a gallon. April heating oil fell 3 cents to $2.76 a gallon. April natural gas rose 4 cents to $1.74 per 1,000 cubic feet.
  
  
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• Dow ends up 320 points for best day in a month as Wall Street awaits Fed's call
  U.S. stocks finished higher in a volatile session on Tuesday as investors...
  U.S. stocks finished higher in a volatile session on Tuesday as investors geared up for the Federal Reserve's interest-rate decision tomorrow.
  
  The Dow Jones Industrial Average was up around 320 points, or 0.8%, to finish near 39,110. The blue-chip index also booked its largest one-day point and percentage gains since February 22, according to Dow Jones Market Data.
  
  The S&P 500 was up 0.6%, to end near 5,178, its new record high, while the Nasdaq Composite rose 0.4%, to finish around 16,166, according to FactSet data.
  
  The Federal Reserve Open Market Committee kicked off its two-day policy meeting on Tuesday. Policymakers will announce their rate decision on Wednesday at 2 p.m. Eastern time. Fed Chair Jerome Powell will hold a press conference at 2:30 p.m. to discuss the decision and provide information on the central bank's outlook.
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• Hong Kong Adopts Sweeping Security Laws, Bowing to Beijing
  Hong Kong on Tuesday passed national...

  Hong Kong on Tuesday passed national security laws at the behest of Beijing, thwarting decades of public resistance in a move that critics say will strike a lasting blow to the partial autonomy the city had been promised by China.

  
  

  The new legislation, which was passed with extraordinary speed, grants the authorities even more powers to crack down on opposition to Beijing and the Hong Kong government, establishing penalties — including life imprisonment — for political crimes like treason and insurrection, which are vaguely defined. It also targets offenses like “external interference” and the theft of state secrets, creating potential risks for multinational companies and international groups operating in the Asian financial center.

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