EIA reported a build of 112 Bcf for the week ending 9/27/2019. This was larger than the median estimate of 109 Bcf. Today’s stat fell within the expected range, which was 115 Bcf on the more bearish end, and 93 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.258, from $2.236 just before 9:30am.
Inventories for the US are now at a surplus of 465 Bcf to last year and a deficit of 18 Bcf to the five-year average.