EIA reported a build of 49 Bcf for the week ending 8/09/2019. This was smaller than the median estimate of 54 Bcf. Today’s stat fell within the expected range, which was 62 Bcf on the more bearish end, and 47 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.221, from $2.175 just before 9:30am.
Inventories for the US are now at a surplus of 357 Bcf to last year and a deficit of 111 Bcf to the five-year average.