EIA reported a build of 75 Bcf for the week ending 10/02/2020. This was larger than the median estimate of 72 Bcf. Today’s stat fell within the expected range, which was 85 Bcf on the more bearish end, and 67 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.608, from $2.588 just before 9:30am.
Inventories for the US are now at a surplus of 444 Bcf to last year and a surplus of 394 Bcf to the five-year average.