EIA reported a draw of -134 Bcf for the week ending 1/08/2021. This was larger than the median estimate of -129 Bcf. Today’s stat fell within the expected range, which was -120 Bcf on the more bearish end, and -141 Bcf on the more
Prices were down in the five minutes following the announcement, to $2.746, from $2.758 just before 9:30am.
Inventories for the US are now at a surplus of 126 Bcf to last year and a surplus of 218 Bcf to the five-year average.