Since weather-based demand remained light to nonexistent for the weekend in most areas, price increases in a large majority of the cash market Friday could only be attributed to the previous day’s 17.3-cent futures rise following a moderately below-expectations storage injection report.
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Most Points Flat to Higher; Rig Count Falls
Since weather-based demand remained light to nonexistent for the weekend in most areas, price increases in a large majority of the cash market Friday could only be attributed to the previous day’s 17.3-cent futures rise following a moderately below-expectations storage injection report.
April 26, 2010