EIA reported a build of 115 Bcf for the week ending 6/14/2019. This was larger than the median estimate of 104 Bcf. Today’s stat fell within the expected range, which was 117 Bcf on the more bearish end, and 89 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.233, from $2.297 just before 9:30am.
Inventories for the US are now at a surplus of 209 Bcf to last year and a deficit of 199 Bcf to the five-year average.