Canadian stocks may advance for a fourth day as commodities producers including Suncor Energy Inc. gain alongside prices of crude oil and natural gas.

``It looks like the bounce in commodities will continue,'' said David Wolf, chief strategist at Merrill Lynch Canada Inc. in Toronto. ``The top two influences on the Canadian market have been commodity prices and commodity prices. That'll continue to give us direction.''

The Standard & Poor's/TSX Composite Index yesterday rose 152.97, or 1.3 percent, to 12,061.54. The benchmark has gained 3.8 percent in the past three days.

Crude oil for November delivery rose for a fourth day, up as much as 1 percent at $60.54 a barrel in electronic trading in New York, as Kuwait's oil minister said OPEC will cut production amid high U.S. inventories. Prices have rebounded from a 10- month low of $57.22 on Oct. 12.

After yesterday surging 14 percent, natural gas today advanced 5.3 percent to $6.788 per million British thermal units in New York.

Suncor Energy, the world's biggest oil-sands miner, was shown climbing 97 cents to C$86.50, according to early bids submitted on the Toronto Stock Exchange. EnCana Corp., Canada's largest natural-gas company, may increase 23 cents to C$55.23, bids indicated.

Energy producers account for more than a quarter of the S&P/TSX's value and have gained 7.8 percent as a group in three days. The shares have led the benchmark's rally to a five-week high as oil and natural gas price jumped.