EIA reported a build of 78 Bcf for the week ending 5/05/2023. This was larger than the median estimate of 75.5 Bcf. Today's stat fell within the expected range, which was 84 Bcf on the more bearish end, and 71 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.213, from $2.206 just before 9:30am.
Inventories for the US are now at a surplus of 509 Bcf to last year and a surplus of 332 Bcf to the five-year average.
