EIA reported a build of 46 Bcf for the week ending 10/09/2020. This was smaller than the median estimate of 51 Bcf. Today’s stat fell within the expected range, which was 63 Bcf on the more bearish end, and 39 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.796, from $2.8 just before 9:30am.
Inventories for the US are now at a surplus of 388 Bcf to last year and a surplus of 353 Bcf to the five-year average.