US NATURAL GAS INVENTORIES DROP MORE THAN EXPECTED

US NATURAL GAS INVENTORIES DROP MORE THAN EXPECTED
Natural Gas Inventory Drop: US natural gas storage fell by 190 billion cubic meters (bcm) in the week ending December 6.
Expectations vs. Reality: The drop was bigger than expected (175 bcm) and much larger than the previous week's decline (30 bcm).
Price Impact: January natural gas futures increased by 0.58%, reaching $3.398 per mmBtu.
Market Reaction: This sharp drop in inventories is expected to influence natural gas prices significantly.