Oil prices have fallen dramatically, losing more than 4 percent, which was due to increased concerns about a slowdown in economic growth. Data on oil stocks in the Cushing terminal also put preasure on black gold.

"The deterioration of the forecast of world economic growth, uncertainty in financial markets and their impact on the demand for oil is likely to exacerbate the trend of growth in demand from the industry," - noted experts Barclays.

The pound dropped to a new 31-year low and the correlation between the British currency as a risk barometer and oil prices is obvious. Experts also believe that the data for China, which will be released in the coming weeks, will point to a weakness in the area of ​​trade and investment.

In addition, Genscape said that for the week ending on July 1, oil terminal in Cushing rose by 230,025 barrels.

It was reported that the number of drilling rigs in the US rose last week by 11 units to 341 units and this continue to influence the trading dynamics. It was the fourth weekly gain in the past five weeks. Growing drilling activity in the US has increased speculation that production may increase in the coming weeks, renewing concerns about excess inventories.

The cost of the August futures for US light crude oil WTI fell to 46.83 dollars per barrel.

The price of August futures for Brent fell to 47.97 dollars a barrel on the London Stock Exchange ICE Futures Europe.

Gold prices fell slightly, stepping back from the two-year high, and dropped below $ 1,350 an ounce. The pressure on the precious metal was a strengthening US dollar. However, the fall in prices constrains the continuing uncertainty regarding the effects of Brexit.

The referendum on Britain's membership of the EU has caused turmoil in the financial markets and raised the gold price to its highest level since the beginning of 2014. While concerns about global economic growth and monetary policy support gold, the up move can not continue today.

British referendum results also increased the pressure on central banks to ease their monetary policy. Recently, the Bank of England raised the possibility of further stimulus in the coming months, and today decided to reduce the capital requirements for banks in the UK, which would allow British banks to issue more loans to companies and households totaling 150 billion pounds and ensure adequate levels of lending to the economy. Many investors also expect policy easing from the ECB, the Bank of Japan and the People's Bank of China. In addition, market participants believe that the Fed will refrain from raising interest rates this year instead of the previously planned hikes. Recall, the gradual increase of the rate shall be less of a threat to the gold price.

"Currently, there is some profit-taking in gold, - said an analyst at Mitsubishi Jonathan Butler -. Long positions in gold reached record highs, and many investors are clearly in the profits now with gold price about $ 100 higher than in the middle of last month, however.. , heightened risk aversion is likely to continue to support the price. "

The cost of the August gold futures on the COMEX fell to $ 1345.6 per ounce.

This morning, New York crude oil futures for WTI fell -1.86% to $ 48.09 per barrel. At the same time, Brent oil futures were down -1.30% to $ 49.45 per barrel. Thus, the black gold lost value, on the background of an increase in the output of oil production data in Nigeria. Oil production has increased by 90 000 barrels per day. Nigeria managed to increase its production of oil after the restoration of infrastructure affected by militant attacks. Alos, Baker Hughes reported that the number of oil wells operating in the US rose last week increased by 11 to 341.

(raw materials / closing price /% change)

Oil 48.76 -0.47%

Gold 1,353.50 +1.08%