EIA reported a draw of -151 Bcf for the week ending 2/14/2020. This was stronger than the median estimate of -141 Bcf. Today’s stat fell within the expected range, which was -121 Bcf on the more bearish end, and -154 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $1.966, from $1.945 just before 9:30am.
Inventories for the US are now at a surplus of 613 Bcf to last year and a surplus of 200 Bcf to the five-year average.