Natural gas prices retreated from a one-month high Monday with traders expecting healthy surpluses to help refill low stockpiles later this month. Prices for the front-month July contract settled down 6.5 cents, or 1.4%, to $4.645 a million British thermal units on the New York Mercantile Exchange. Gas had hit a one-month high before the trading floor opened Monday, but then spent most of the day backing down. Warming long-term weather forecasts weren’t warm enough to support the price going any higher, a broker and analysts said. Without extreme heat to ramp up air conditioners and gas-fueled power consumption, record production is likely going to lead to healthy surpluses this month. That made Monday a good day to sell and take profits from more than two weeks of rising prices, they said. “We’re getting into areas that, until we see some serious heat show up, […]