Global natural gas prices climbed higher Monday amid supply disruptions and sweltering heat. 

Gains for the Henry Hub contract led the way, as the U.S. benchmark traded near a three-year high Monday with the hottest weather of the summer in the United States on the way Tuesday. 

Henry Hub picked up where it left off last week, when futures rose significantly. The seven contracts between August 2021 and February 2022 broke through resistance at $4.00/MMBtu last week, noted EBW Analytics Group. Weekly natural gas cash prices soared along with lofty temperatures and strong cooling demand throughout much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for July 19-23 jumped 16.5 cents to $3.780. 

Hot weather and cooling demand has left U.S. storage inventories low at 176...