Disappointingly

East Up Mildly, West Stronger as ‘Big Freeze’ Begins

What may be bullish traders’ last weather hope in an otherwise disappointingly mild winter was developing Monday, but the price reaction was somewhat subdued. Most eastern points ranged from flat to slightly more than a nickel higher, while western gains tended to be larger at about a nickel to nearly 15 cents. The stronger performance in the West was largely attributed to recovery from weekend softening, the absence of high-linepack OFOs in California and demand in the Midwest for more Rockies supplies.

February 26, 2002