US natural gas futures climbed as colder weather forecasts boosted demand expectations for heating and power generation. The Henry Hub contract gained momentum despite the waning winter heating season, with traders eyeing increased consumption from both residential heating and power plants. This price movement reflects the market's sensitivity to weather patterns even as seasonal demand typically declines.

Rising oil prices have also influenced natural gas markets, driving financial inflows into energy product baskets. The correlation between oil and gas prices has strengthened in recent months, with the front-month US gas contract responding to crude oil's upward trajectory. This relationship has become a key factor in natural gas price dynamics.

Market analysts note that the combination of weather-driven demand and oil market strength has created upward pressure on prices. The current price action suggests traders are positioning for potential supply constraints and sustained demand, even as the traditional heating season ends. This dynamic could influence energy market strategies and trading decisions in the near term.