EIA reported a build of 98 Bcf for the week ending 10/04/2019. This was larger than the median estimate of 91 Bcf. Today’s stat fell within the expected range, which was 111 Bcf on the more bearish end, and 82 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.241, from $2.262 just before 9:30am.
Inventories for the US are now at a surplus of 472 Bcf to last year and a deficit of 9 Bcf to the five-year average.