Texok

All Points Except One See Flat to Higher Quotes

A previously divided cash market came together for an impressive show of unity Tuesday as NGPL’s TexOk zone was the only point to show a decline (a little less than a dime). Prices were flat to higher in the rest of the market, deriving support from the previous day’s increase of 13.7 cents by October futures and further indications that ongoing outages of significant amounts of Gulf of Mexico (GOM) supplies are having more of a price impact as they continue to accumulate.

September 24, 2008