EIA reported a draw of -40 Bcf for the week ending 1/03/2025. This was equal to the median estimate of -40 Bcf. Today's stat fell within the expected range, which was -26 Bcf on the more bearish end, and -56 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $3.63, from $3.625 just before 11:00am.
Inventories for the US are now at a deficit of 3 Bcf to last year and a surplus of 207 Bcf to the five-year average.
