Natural gas fell to its lowest settlement in nearly a month as temperate weather forecasts suggest soft demand on the way. The front-month August contract settled down 4 cents, or 1.5%, to $2.716 a million British thermal units on the New York Mercantile Exchange. A two-day losing streak has now pushed gas below the tight, 17-cent range it had settled within every session since June 9. Weather forecasts are suggesting that the early part of the summer isn’t going to be hot enough to drive the kind of demand needed to soak up near-record production, analysts said. Hot weather can lead people to use air conditioning and gas-fired power. But the Northeast and Midwest, some of the largest markets, are seeing normal to unseasonably cool forecasts, said Paul Markert, senior meteorologist at MDA Weather Services in Maryland. “It’s harder to believe that hot weather will bail […]