EIA reported a build of 3 Bcf for the week ending 11/08/2019. This was smaller than the median estimate of 7 Bcf. Today’s stat fell within the expected range, which was 12 Bcf on the more bearish end, and 0 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.65, from $2.671 just before 9:30am.
Inventories for the US are now at a surplus of 491 Bcf to last year and a surplus of 2 Bcf to the five-year average.