EIA reported a draw of -258 Bcf for the week ending 1/03/2025. This was smaller than the median estimate of -260 Bcf. Today's stat fell within the expected range, which was -242 Bcf on the more bearish end, and -266 Bcf on the more bullish end.
Prices were down in the five minutes following the announcement, to $4.083, from $4.119 just before 9:30am.
Inventories for the US are now at a deficit of 111 Bcf to last year and a surplus of 77 Bcf to the five-year average.
