EIA reported a build of 37 Bcf for the week ending 7/17/2020. This was larger than the median estimate of 36 Bcf. Today’s stat fell within the expected range, which was 46 Bcf on the more bearish end, and 28 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $1.7, from $1.681 just before 9:30am.
Inventories for the US are now at a surplus of 656 Bcf to last year and a surplus of 436 Bcf to the five-year average.