EIA reported a build of 43 Bcf for the week ending 8/14/2020. This was larger than the median estimate of 42 Bcf. Today’s stat fell within the expected range, which was 48 Bcf on the more bearish end, and 36 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.404, from $2.414 just before 9:30am.
Inventories for the US are now at a surplus of 595 Bcf to last year and a surplus of 442 Bcf to the five-year average.