EIA reported a draw of -187 Bcf for the week ending 1/15/2021. This was larger than the median estimate of -177 Bcf. Today’s stat fell within the expected range, which was -158 Bcf on the more bearish end, and -191 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.451, from $2.465 just before 9:30am.
Inventories for the US are now at a surplus of 36 Bcf to last year and a surplus of 198 Bcf to the five-year average.