EIA reported a build of 68 Bcf for the week ending 6/30/2023. This was larger than the median estimate of 65 Bcf. Today's stat fell within the expected range, which was 73 Bcf on the more bearish end, and 56 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $2.646, from $2.662 just before 9:30am.
Note: The EIA report, delayed due to the Fourth of July, included a reclassification of some natural gas reserves, increasing working gas stocks by 4 Bcf in the non-salt South Central region. Consequently, the week's implied flow indicates a 68 Bcf build in these stocks instead of 72 Bcf.
