Thursday’s market had a little something for everybody: large gains and losses coupled with small gains and losses, with a fair amount of flat pricing to boot. Moderating weather trends going into the weekend (except in much of the West) and the inclusion of a weekend flow day in Thursday’s trading competed with Wednesday’s 5.2-cent expiration-day gain by July futures for influence in the cash market.
Boot
Articles from Boot
Some Surprised When Price Softness Only Moderate
With fundamental influences remaining weak and a falling screen to boot, it was hardly surprising Monday when cash prices failed for the most part to rebound from their weekend softness. Movement ranged from essentially flat to down a dime or so at nearly all eastern, California and Permian Basin points. The weakness was more pronounced in the Rockies/Pacific Northwest and San Juan Basin markets, where declines ranged from about a dime to 20 cents.
October 16, 2001
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