EIA reported a draw of -130 Bcf for the week ending 1/01/2021. This was smaller than the median estimate of -135 Bcf. Today’s stat fell within the expected range, which was -124 Bcf on the more bearish end, and -146 Bcf on the more
Prices were up in the five minutes following the announcement, to $2.734, from $2.713 just before 9:30am.
Inventories for the US are now at a surplus of 138 Bcf to last year and a surplus of 201 Bcf to the five-year average.