EIA reported a build of 78 Bcf for the week ending 9/06/2019. This was smaller than the median estimate of 87 Bcf. Today’s stat fell within the expected range, which was 101 Bcf on the more bearish end, and 73 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.562, from $2.532 just before 9:30am.
Inventories for the US are now at a surplus of 393 Bcf to last year and a deficit of 77 Bcf to the five-year average.