EIA reported a draw of -171 Bcf for the week ending 2/05/2021. This was smaller than the median estimate of -178 Bcf. Today’s stat fell within the expected range, which was -170 Bcf on the more bearish end, and -183 Bcf on the more
Prices were down in the five minutes following the announcement, to $2.885, from $2.948 just before 9:30am.
Inventories for the US are now at a deficit of 9 Bcf to last year and a surplus of 152 Bcf to the five-year average.