EIA reported a draw of -190 Bcf for the week ending 11/29/2024. Today's stat fell outside the expected range, which was -144 Bcf on the more bearish end, and -179 Bcf on the more bullish end. This was larger than the median estimate of -172 Bcf.
Prices were up in the five minutes following the announcement, to $3.437, from $3.382 just before 9:30am.
Inventories for the US are now at a surplus of 67 Bcf to last year and a surplus of 165 Bcf to the five-year average.
