EIA reported a draw of -40 Bcf for the week ending 3/01/2024. This was larger than the median estimate of -36.5 Bcf. Today's stat fell within the expected range, which was -31 Bcf on the more bearish end, and -43 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $1.877, from $1.906 just before 9:30am.
