EIA reported a draw of -30 Bcf for the week ending 11/29/2024. Today's stat fell within the expected range, which was -30 Bcf on the more bearish end, and -62 Bcf on the more bullish end. This was smaller than the median estimate of -36 Bcf.
Prices were down in the five minutes following the announcement, to $3.106, from $3.125 just before 9:30am.
Inventories for the US are now at a surplus of 185 Bcf to last year and a surplus of 284 Bcf to the five-year average.
