U.S. gas inventories rise higher than expected.

Data from the U.S. Energy Information Administration, released on Thursday, showed that U.S. natural gas inventories increased by about 76 billion cubic meters during the week ending October 11, which was below expectations that anticipated an increase of about 80 billion cubic meters. The previous week's reading indicated an increase in natural gas inventories of 82 billion cubic meters.

Immediately following the release of the positive data, natural gas futures contracts for delivery in November rose during trading, reaching approximately $2.371 per million British thermal units, with an increase of about 0.14%.

It is worth noting that natural gas inventory data is released weekly by the U.S. Department of Energy. The index measures the change in underground natural gas inventories in cubic feet during the past week. Although this index is primarily an American indicator, it also affects the Canadian dollar due to the large size of the energy sector in Canada, and it significantly impacts natural gas prices in commodity market transactions.