EIA reported a build of 93 Bcf for the week ending 6/05/2020. This was smaller than the median estimate of 94 Bcf. Today’s stat fell within the expected range, which was 100 Bcf on the more bearish end, and 90 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $1.809, from $1.808 just before 9:30am.
Inventories for the US are now at a surplus of 748 Bcf to last year and a surplus of 421 Bcf to the five-year average.