EIA reported a draw of -114 Bcf for the week ending 12/25/2020. This was smaller than the median estimate of -129 Bcf. Today’s stat fell outside the expected range, which was -122 Bcf on the more bearish end, and -150 Bcf on the more
Prices were down in the five minutes following the announcement, to $2.454, from $2.462 just before 9:30am.
Inventories for the US are now at a surplus of 251 Bcf to last year and a surplus of 206 Bcf to the five-year average.