Data on natural gas stocks in the United States today showed a negative reading for the second consecutive week and was higher than market expectations, as natural gas stocks increased by 103 billion cubic meters during the week ending last Friday.

This reading is worse than the expectations, which indicated an increase of about 97 billion cubic meters only, and it is also higher than the previous reading, which showed an increase in natural gas stocks of about 77 billion cubic meters in the previous week.

Natural gas contracts are trading down by 3.86% and settled at $7.479 per million British thermal units, and this data will have noticeable impacts on natural gas prices in the upcoming trading sessions.

It is worth noting that natural gas stock data is issued weekly by the U.S. Energy Administration, measuring the change in underground natural gas stocks in cubic feet over the past week.

Although this indicator is primarily an American indicator, it affects the Canadian dollar due to the large size of the energy sector in Canada, and it also strongly affects natural gas prices in the commodities market trading.