Prompt-month natural gas futures have exceeded $3 per million British thermal units on Monday, marking the highest level since mid-January 2024 and hitting a potential four-day winning streak, spurred by forecasts predicting increased cooling demand due to anticipated warm weather in June. Last week, natural gas prices rose by 12.8%, and are currently eyeing the seventh week of gains out of last eight. “With a blanket of heat stalling over the southern part of the country, market bulls maintained control,” said Jodi Shafto, senior natural gas reporter at Natural Gas Intel. Chart: US Natural Gas Price Have Rallied 95% Since Late April’s Lows NatGasWeather highlighted that much of the country is expected to experience temperatures ranging from the upper 70s and 80s in the Midwest and Northeast to the upper 80s and 90s elsewhere, with extreme heat in California and Texas reaching ...