December 17, 2020

December 17, 2020
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EIA reported a draw of -122 Bcf for the week ending 12/11/2020. This was equal to the median estimate of -122 Bcf. Today’s stat fell within the expected range, which was -105 Bcf on the more bearish end, and -138 Bcf on the more bullish end.

Prices were down in the five minutes following the announcement, to $2.643, from $2.703 just before 9:30am.

Inventories for the US are now at a surplus of 284 Bcf to last year and a surplus of 243 Bcf to the five-year average.

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