EIA reported a build of 65 Bcf for the week ending 7/05/2024. This was larger than the median estimate of 58 Bcf. Today's stat fell within the expected range, which was 65 Bcf on the more bearish end, and 51 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $2.289, from $2.288 just before 9:30am.
Inventories for the US are now at a surplus of 343 Bcf to last year and a surplus of 561 Bcf to the five-year average.
