EIA reported a draw of -60 Bcf for the week ending 2/16/2024. This was larger than the median estimate of -58.5 Bcf. Today's stat fell within the expected range, which was -50 Bcf on the more bearish end, and -65 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $1.694, from $1.708 just before 9:30am.
