EIA reported a draw of -237 Bcf for the week ending 2/12/2021. This was smaller than the median estimate of -256 Bcf. Today’s stat fell within the expected range, which was -222 Bcf on the more bearish end, and -288 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $3.063, from $3.086 just before 9:30am.
Inventories for the US are now at a deficit of 105 Bcf to last year and a surplus of 57 Bcf to the five-year average.