EIA reported a build of 104 Bcf for the week ending 10/11/2019. This was smaller than the median estimate of 108 Bcf. Today’s stat fell within the expected range, which was 112 Bcf on the more bearish end, and 95 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.337, from $2.335 just before 9:30am.
Inventories for the US are now at a surplus of 494 Bcf to last year and a surplus of 14 Bcf to the five-year average.