EIA reported a build of 89 Bcf for the week ending 9/11/2020. This was larger than the median estimate of 76 Bcf. Today’s stat fell outside the expected range, which was 82 Bcf on the more bearish end, and 68 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.052, from $2.095 just before 9:30am.
Inventories for the US are now at a surplus of 535 Bcf to last year and a surplus of 421 Bcf to the five-year average.