Urgent.. American gas inventories defy expectations and decrease over the past week.

Data from the U.S. Energy Information Administration released on Thursday indicated a decrease in U.S. natural gas inventories by 3 billion cubic meters during the week ending November 15, which was better than expectations that predicted an increase in natural gas inventories by about 2 billion cubic meters. The reading from the previous week showed an increase in natural gas inventories by 42 billion cubic meters.

In trading, December natural gas futures extended their previous session gains to record about $3.426 per million British thermal units, marking an increase of approximately 7.30%, immediately following the release of the data.

It is worth noting that natural gas inventory data is released weekly by the U.S. Energy Administration, measuring the volume of change in underground natural gas inventories in cubic feet during the past week. It is also noteworthy that although this indicator is primarily American, it affects the Canadian dollar due to the large size of the energy sector in Canada, and it strongly impacts natural gas prices in commodity market transactions.