EIA reported a draw of -2 Bcf for the week ending 11/22/2024. This was smaller than the median estimate of -3 Bcf. Today's stat fell within the expected range, which was 9 Bcf on the more bearish end, and -9 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $3.251, from $3.255 just before 11:00am.
Inventories for the US are now at a surplus of 134 Bcf to last year and a surplus of 267 Bcf to the five-year average.
