Getting no signals from the futures trading pit, thelate-January cash market saw mild softening Tuesday. With snowyconditions covering the northwestern quadrant of the U.S., Westernpoints again tended to be flat to off no more than a penny or two.However, they were joined in small dips by several Gulf Coast andMidcontinent pipes, and Michigan citygates even managed to eke outmodest gains.
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Articles from Mildly
Most Points Mildly Stronger; Sumas Soars Again
With conflicting influences in several directions, much of thecash market decided to take a break Thursday and not wander veryfar from Wednesday’s levels. Small gains at most points outweigheda few scattered decreases. Modest strength in the Henry Hub gasfutures contract was countered by crude oil futures falling harderthan it had risen Wednesday, even as the U.S.-led air strikescontinued against Iraq Thursday. And forecasts for widespreadbelow-normal temperatures during Christmas week apparently meantless to gas traders than the current still-relatively-mildconditions.
December 18, 1998
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