March WTI crude oil (CLH24) on Wednesday closed up +0.72 (+0.97%), and Mar RBOB gasoline (RBH24) closed up +0.56 (+0.25%). Crude oil and gasoline prices on Wednesday posted moderate gains, with crude climbing to a 4-week high. Wednesday’s decline in the dollar index to a 1-week low supported energy prices. Also, Wednesday’s rally in the S&P 500 to a new record high shows optimism in the economic outlook that is bullish for energy demand and crude prices. Crude raced to its high Wednesday after EIA weekly crude inventories fell more than expected. Wednesday’s action by the PBOC to cut its reser…