Encouraged by another skyrocketing screen, growing airconditioning load and a major supply outage in the Rockies, cashprices were on the rise Friday almost across the board by anywherefrom 2 to 18 cents. Most upticks were in the neighborhood of anickel, but all Rockies pipes were seeing double-digit increases.”I think a lot of people are starting to put their bull horns backon,” commented a Texas source.
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Heat, Tight Supplies Boost Eastern Markets
Heavy air conditioning load and a tightening of supplyavailability not only generated a late rebound in bidweek pricesFriday but also pushed up last-of-May and early June aftermarketnumbers in nearly all Eastern, Gulf Coast and Midcontinent/Midwestmarkets. Waha and Permian Basin gas, supported by Texas andMidcontinent cooling demand, also was rising above index levels.But in the generally cool West, weekend and 1st-of-month swingprices tended to go down by a few cents.
June 1, 1998
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