Everybody

Cash Follows Screen Up, Supported by Texas Heat

People saw the screen start higher Monday morning and “everybodywas off to the races,” a Midcontinent marketer said. Priceincreases were across the board but by widely varying amounts, evenamong neighboring pipes in a region. Everything basically followedthe Henry Hub futures contract, according to a Northeast trader.However, he and other sources agreed that virtually every point wasbacking off near the end of activity. “People just quit buyingafter the screen run-up,” he said.

June 16, 1998
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