EIA reported a build of 87 Bcf for the week ending 10/18/2019. This was smaller than the median estimate of 92 Bcf. Today’s stat fell within the expected range, which was 101 Bcf on the more bearish end, and 80 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.285, from $2.3 just before 9:30am.
Inventories for the US are now at a surplus of 519 Bcf to last year and a surplus of 28 Bcf to the five-year average.