Prices usually spend Mondays recovering at least partially fromthe declines of the previous Friday. Yesterday was a reversal formost eastern points-they were giving back some of the gains thathad been realized Friday. The East tended to range from flat todown as much as a dime or more on a few Gulf Coast pipes.Trunkline’s two Louisiana pools were especially weak.
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Small Southwest Rises Contrast With Mild Softness
Except for small upticks in San Juan Basin and related pointspartially due to an unexpected compressor station outage (seeTransportation Notes), the cash market again was mildly softerMonday. Much like last week, a screen decline of about a nickelprovided about the only influence meaningful to cash traders. Evensome cool weather returning to the Midwest failed to keep Chicagoand Michigan citygates from dropping 2-3 cents, while Midcontinentfield numbers were mostly flat.
May 25, 1999
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