EIA reported a draw of -44 Bcf for the week ending 1/03/2020. This was smaller than the median estimate of -50 Bcf. Today’s stat fell within the expected range, which was -41 Bcf on the more bearish end, and -63 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.128, from $2.124 just before 9:30am.
Inventories for the US are now at a surplus of 521 Bcf to last year and a surplus of 74 Bcf to the five-year average.