Urgent.. US gas inventories rise higher than expected.

The data from the U.S. Energy Information Administration, released on Thursday, showed an increase in U.S. natural gas inventories by about 82 billion cubic meters during the week ending October 4. This was higher than expectations, which forecasted an increase of about 73 billion cubic meters. The previous week showed an increase in natural gas inventories of 55 billion cubic meters. Following the release of the positive data, futures contracts for natural gas for November delivery expanded their early gains during trading, reaching about $2.815 per million British thermal units, a rise of about 6.86%. It is noteworthy that the data on natural gas inventories is released weekly by the U.S. Energy Administration. The index measures the change in underground natural gas inventories in cubic feet over the past week. Moreover, it is important to mention that although this index is primarily an American indicator, it significantly affects the Canadian dollar due to the size of the energy sector in Canada, and it also strongly influences natural gas prices in commodity market transactions.