EIA reported a build of 98 Bcf for the week ending 6/21/2019. This was smaller than the median estimate of 100 Bcf. Today’s stat fell within the expected range, which was 108 Bcf on the more bearish end, and 92 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.316, from $2.299 just before 9:30am.
Inventories for the US are now at a surplus of 236 Bcf to last year and a deficit of 171 Bcf to the five-year average.