EIA reported a draw of -3 Bcf for the week ending 11/08/2024. This was larger than the median estimate of 1 Bcf. Today's stat fell within the expected range, which was 10 Bcf on the more bearish end, and -3 Bcf on the more bullish end.
Prices were up in the five minutes following the announcement, to $3.44, from $3.422 just before 9:30am.
Inventories for the US are now at a surplus of 141 Bcf to last year and a surplus of 239 Bcf to the five-year average.
