Basing its strength largely on Monday’s 14-cent near-month futures gain, and to a lesser degree on the South adding some air conditioning load to that already existing in the scorching desert Southwest, the cash market recorded double-digit increases across the board Tuesday. Opinions were divided on whether the rally could be sustained Wednesday.
Lesser
Articles from Lesser
Despite Asset Sales and Hurricanes, Prices Lift Devon’s Earnings 44%
Property sales and to a lesser degree, the recent hurricanes, sent Oklahoma City-based Devon Energy Inc.’s combined oil and natural gas production down from a year ago, but even with the divested assets, high commodity prices lifted net earnings 44%, to $744 million ($1.63/share), compared with $517 million ($1.03) in 3Q2004.
November 3, 2005
Bit of Northern Cold Aids Heat in Raising Prices
A great deal of cooling load across the southern tier of states combined with a moderate amount of heating load in the Northeast and (to a lesser degree) Midwest to produce rising prices at nearly all points Tuesday. A 6.4-cent screen gain the day before added a little extra impetus to the bullish cash market.
May 25, 2005
Prices Keep Dropping, But by Lesser Amounts
Most prices kept falling Thursday but at a slower rate of decline than on Wednesday. Citing lower weekend load and the prospects for milder weather, a number of traders expect more softness today.
April 20, 2001
Swing Prices Still Dropping, But Not as Steeply
Prices continued to fall Tuesday, although by lesser amountsthan on Monday in most cases. The majority of Tuesday’s dropsranged from about a nickel to a little more than a dime, withisolated points such as the PG&E and Algonquin citygatesfalling by slightly more than 15 cents.
July 26, 2000
Northern California Escapes Overall Price Plunge
Until a major sell-off came Friday, it appeared that priceswould realize fairly substantial week-to-week increases, thankslargely to double-digit gains that started the week off lastMonday. But Friday declines that constituted almost a mirror-imagereversal of Monday’s upticks left most points flat to just a fewcents above week-earlier levels. Northern California (Malin andPG&E citygate) showed the most strength, rising almost a dimeabove the previous Friday.
October 11, 1999
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