Urgent.. U.S. gas inventories are negative and worse than market expectations!

Data from the U.S. Energy Information Administration released today, Thursday, showed a decline in U.S. natural gas inventories by 30 billion cubic meters for the week ending November 29, which was worse than expectations that predicted a decrease of about 38 billion cubic meters. The previous week's reading showed a decline of 2 billion cubic meters in natural gas inventories.

In terms of trading, natural gas futures contracts for December delivery extended their previous session gains, reaching about $3.122 per million British thermal units, with an increase of approximately 2.60%. These data are expected to have a strong impact on price levels.

It is noteworthy that natural gas inventory data is issued weekly by the U.S. Energy Administration, measuring the volume change in underground natural gas inventories in cubic feet during the previous week. Although this index is primarily an American indicator, it also affects the Canadian dollar due to the significant size of the energy sector in Canada, as well as having a strong impact on natural gas prices in commodity market dealings.

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