EIA reported a build of 60 Bcf for the week ending 8/23/2019. This was larger than the median estimate of 57 Bcf. Today’s stat fell within the expected range, which was 60 Bcf on the more bearish end, and 53 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.276, from $2.281 just before 9:30am.
Inventories for the US are now at a surplus of 363 Bcf to last year and a deficit of 100 Bcf to the five-year average.