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• ☕️What Else is Brewing Monday Morning
  The Madness has arrived: It’s once again the season...
  The Madness has arrived: It’s once again the season for people who don’t watch college basketball to suddenly find themselves screaming at their TVs because an unpaid 19-year-old missed a free throw. The NCAA men’s and women’s college basketball tournament brackets were announced on Sunday, signaling the start of a countrywide dip in worker productivity for the next week. The men’s tournament starts Tuesday; the women’s side gets going on Wednesday.
  
  A volcano in southern Iceland erupted for the fourth time in three months, prompting an emergency declaration.
  
  Robert F. Kennedy Jr. is reportedly close to naming a running mate for his independent presidential bid: Nicole Shanahan, an attorney, entrepreneur, and former wife of Google founder Sergey Brin.
  
  New Hampshire voters are suing the perpetrators of the Joe Biden deepfake robocalls leading up to January’s presidential primary in the state, NBC reports.
  
  Meta is being investigated by the FDA and prosecutors in Virginia for possible involvement with the sale of illicit drugs on the company’s social media platforms, per the WSJ.
  
  Shigeichi Negishi, the inventor of the karaoke machine, died at age 100.
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• US drillers add most oil and gas rigs in a week since September
  U.S. energy firms this week added the biggest number...

  U.S. energy firms this week added the biggest number of oil and natural gas rigs in a week since September, with the oil rig count also rising to its highest in six months, energy services firm Baker Hughes said in its closely followed report on Friday.

  
  

  The combined oil and gas rig count, an early indicator of future output, rose by seven to 629 in the week to March 15.  Despite this week's rig increase, Baker Hughes said the total count was still down 125 rigs or 16.6% below this time last year.

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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for April delivery...
  Benchmark U.S. crude oil for April delivery fell 22 cents to $81.04 per barrel Friday. Brent crude for May delivery fell 8 cents to $85.34 per barrel.
  
  Wholesale gasoline for April delivery rose 2 cents to $2.72 a gallon. April heating oil rose 2 cents to $2.73 a gallon. April natural gas fell 8 cents to $1.66 per 1,000 cubic feet.
  
  
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• Tech-stock decline Friday put U.S. equity indexes on path to weekly declines
  All three major U.S. equity indexes ended lower Friday, with the S&P...
  All three major U.S. equity indexes ended lower Friday, with the S&P 500 weighed down by tech stocks.
  
  The Dow Jones Industrial Average DJIA fell 190.89 points, or 0.5%, to close at 38,714.77.
  
  The S&P 500 SPX fell 33.39 points, or 0.6%, to finish at 5,117.09.
  
  The Nasdaq Composite COMP dropped 155.36 points, or 1%, to end at 15,973.17.
  
  For the week, the Dow slipped less than 0.1%, the S&P 500 shed 0.1% and the tech-heavy Nasdaq fell 0.7%. The Dow fell for a third straight week, while the S&P 500 and Nasdaq each booked back-to-back weekly losses.
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• WTI Midland impact grows in Dated Brent basket
  More than 100 WTI Midland cargoes have traded in the Dated Brent basket...
  More than 100 WTI Midland cargoes have traded in the Dated Brent basket since its May 2023 incorporation, and its influence on pricing dynamics continues to expand, according to S&P Global. Activity was particularly strong in February, with WTI Midland liquidity hitting record levels as new participants joined the trade.
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