Natural gas in New York advanced amid speculation supply gains will be below average for the week because a heat wave spurred demand and as crude oil surged.
Inventories of gas advanced 90 billion cubic feet in the week ended June 6, 8 billion below the five-year average, according to the median of 18 analyst estimates compiled by Bloomberg News . Crude rose more than $6 a barrel after a U.S. government report showed that inventories dropped more than analysts expected.

"I didn't expect it to be this hot this early in the year," said Carl Neill, an energy analyst at Risk Management Inc. in Chicago. "It's disconcerting. ... Read full article