EIA reported a build of 76 Bcf for the week ending 9/25/2020. This was smaller than the median estimate of 78 Bcf. Today’s stat fell within the expected range, which was 86 Bcf on the more bearish end, and 75 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.448, from $2.474 just before 9:30am.
Inventories for the US are now at a surplus of 471 Bcf to last year and a surplus of 405 Bcf to the five-year average.