Natural gas sprung to its highest point in nearly a month as traders grew more confident in forecasts showing abnormally cool weather. Natural gas for April delivery settled up 6.5 cents, or 2.3%, at $2.92 a million British thermal units on the New York Mercantile Exchange. The market had dipped as low as $2.775/mmBtu before turning positive late this morning. It is the highest settlement since Feb. 20. Weather forecasts are divided about how strong a shot of unseasonably cool weather will be in the coming weeks. The market initially traded lower on some signs that the cold wouldn’t be so bad, reducing demand for natural gas heating fuel. But some traders put more weight on the forecasts that show even cooler temperatures than expected, said Aaron Calder, senior market analyst at energy-consulting firm Gelber & Associates in Houston. Midday updates from weather models did show […]