EIA reported a build of 36 Bcf for the week ending 7/19/2019. This was larger than the median estimate of 33 Bcf. Today’s stat fell within the expected range, which was 44 Bcf on the more bearish end, and 28 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.24, from $2.252 just before 9:30am.
Inventories for the US are now at a surplus of 300 Bcf to last year and a deficit of 151 Bcf to the five-year average.