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Market Movers Americas, March 8-12: Crude backwardation, US rig count see spikes

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Watch: Market Movers Americas, March 8-12: Crude backwardation, US rig count see spikes

In this week's Market Movers Americas, presented by Savannah Bush:

* Crude backwardation spikes as OPEC+ extends cuts

* Oil and gas rig counts see largest jump in 11 months

* US LNG utilization rebound lifts benchmark talk

* Gulf Coast petrochemical plants continue to recover from freeze

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