EIA reported a build of 81 Bcf for the week ending 7/05/2019. This was larger than the median estimate of 77 Bcf. Today’s stat fell outside the expected range, which was 67 Bcf on the more bearish end, and 88 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.47, from $2.463 just before 9:30am.
Inventories for the US are now at a surplus of 275 Bcf to last year and a deficit of 142 Bcf to the five-year average.