Natural-gas futures hit their highest closing price since May 7 after the federal government reported the largest gas surplus of the year, but not the record some traders wanted. Natural gas for July delivery settled up 6.1 cents, or 1.3%, to close at $4.701 a million British thermal units on the New York Mercantile Exchange. It was the fourth straight day of gains, with prices up 3.5% for the week. Producers added 119 billion cubic feet of gas to storage for the week ended May 30, the U.S. Energy Information Administration said. That is 2 bcf more than what 21 traders, brokers and analysts forecasted in a survey by The Wall Street Journal, but not enough to impress investors. The EIA reported stockpiles are still 37.4% below the five-year average for this week of the year. With gas utilities needing to buy to refill storage […]