The $1.2 trillion Infrastructure Investment and Jobs Act signed by President Biden last month contains more than $80 billion to advance the clean energy transition and fight climate change.

U.S. Rig Count is up 7 from last week to 586, Canada Rig Count is down 34 from last week to 133.

The CVOW project is expected to help Virginia meet the targets of the Virginia Clean Economy Act, which requires the State to have 100% clean energy by 2045. The United States aims to deploy 30 GW of offshore wind by 2030 and to permit at least 25 GW of onshore renewable energy by 2025.

U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week to 423.6 million barrels.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent.

U.S. Rig Count is up 3 from last week to 579, Canada Rig Count is down 10 from last week to 167.

U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 428.3 million barrels.

Front-month gas futures fell 4.7 cents, or 1.2%, to settle at $3.747 per million British thermal units (mmBtu), their lowest close since Dec. 7.

U.S. Rig Count is up 7 from last week to 576, Canada Rig Count is down 3 from last week to 177.

U.S. commercial crude oil inventories decreased by 0.2 million barrels from the previous week to 432.9 million barrels.