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
Related coverage
Saudi Arabia discipline pushes OPEC+ crude output to 4-month low in Feb: Platts survey
US oil, gas rig count leaps 30 to 491 on week, as oil prices climb further: Enverus
CERAWeek: LNG market debates new benchmarks amid long-term supply needs
FACTBOX: MEGlobal restarts Texas MEG unit; TPC expects longer restart timeline