West cash prices dip, likely as demand spike fades amid strong injections

摘要

Pacific Northwest and Southwest prices continued to slide from therecent spike for the second consecutive day Thursday, likely asdemand retreats to seasonal norms.Colorado Interstate Gas Mainline ceded 17 cents on the day to $1.62/MMBtu, while Northwest Wyoming Pool lost 9 cents to $1.91/MMBtu, 20cents stronger than the balance-of-the-month contract for NWP Rockies,which was observed trading at $1.71/MMBtu on the IntercontinentalExchange, likely due to the lack of weather-driven demand.