Global natural gas prices moved higher Tuesday, recovering losses late last week as a warmer shift in forecasts was seen lifting demand in places like the United States and Asia. 

In Europe, where colder spring weather has been driving abnormal heating demand for this time of year, temperatures are heating up. Natural gas prices on the continent surged in the middle of last week, mainly on news that Russia did not book additional pipeline capacity through Ukraine this month. While warmer forecasts dragged benchmarks like the UK’s National Balancing Point and the Dutch Title Transfer Facility down late last week, other market forces helped recoup those losses Tuesday. 

“The cold spring has been replaced by warmer weather on large parts of the continent, decreasing gas demand,...