Cash was basically “chasing” the screen Thursday, a marketersaid. Although overall numbers were down by a nickel or more atnearly all points, prices were rebounding in late activity aftertraders saw the Henry Hub futures contract for May overcome anearly dip and head back up.

The cash market took its initial cue from Wednesday evening’sAccess trading, which “got beat up pretty good” in response to alow-figure AGA storage withdrawal report, a marketer said. Butafter starting at or near their lows, prices saw upticks for therest of the morning, he said.

Western markets tended to hold up better than those in the East.A cold front moving through the Rockies helped support numbersthere, one source said. Another trader said the Californiautilities were active buyers as it is unseasonably cool in thestate for this time of year. “It also appears that a lot of peopleare net short [on physical supply] for April. We can already feelthat in the market,” he added.

A Gulf Coast producer said she had little Thursday trading toreport because “most of our gas was put to bed for the weekendWednesday.”

Intra-Alberta started the day down about C8 cents but steadilyran up to finish about even with Wednesday’s numbers in the lowC$2.30s, a Calgary trader said.

©Copyright 1999 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press, Inc.