Oil prices rose by about 3 percent, partially recovering from yesterday's fall as supply disruptions in Canada and other countries offset growing concerns about record-high US inventories of crude oil.

Estimates Energy Aspects, forest fires in Canada affected the production of about 1.6 million barrels per day, which is more than 1% of the global supply. Canada is a major exporter of oil to the US and Canadian production decline may reduce the amount of oil in the US stores, which will be a positive factor for the oil market. Also today, the media reported a series of attacks on oil infrastructure in Nigeria. Against the background of this production the largest producer of oil in Africa, close to 22-year low.

However, experts say that the world's oil reserves are near record highs, and some supply disruptions little that this will change, as the decline in production in some OPEC countries offset by growth of exports from Iran and nearly a record oil production in Saudi Arabia and Russia .

Supply disruptions overshadowed concerns about crude oil reserves in the US, which is expected to have grown by the end of the fifth week, and reached a record high above 543 million. Barrels. Genscape Yesterday the company reported an increase in stocks at Cushing terminal by 1.4 million barrels last week. If this information is confirmed, when the US Department of Energy will publish its data on stocks, it will exacerbate the problem of oversupply in the oil market.

"I think we are still in a bull market, but I also think that the" headwinds "strengthened" - said Scott Shelton, an energy broker ICAP.

WTI for delivery in June rose to $44.38 a barrel. Brent for June rose to $45.28 a barrel.

Quotes of gold fell today, approaching to almost two-week low. The pressure on the precious metal has a stronger dollar and increased risk appetite.

It is worth emphasizing, gold prices declined for five of the last six sessions, however, they are still 19 percent higher than at the beginning of the year, as expectations the US Federal Reserve to increase interest rates weakened. Low interest rates support the price of gold, which does not bring interest income to investors. The increase in rates, in turn, would contribute to the growth of the dollar and have reduced the demand for gold.

"Drivers who have raised the price of gold continues to remain largely unchanged, including fluctuating Fed forecasts on terms of the rate increase and decrease of the US dollar", - said Nitesh Shah, an analyst at ETF Securities.

Analysts at the same time note that the limiting factor for the growth of gold prices are expectations of Fed rate at the next meeting, which will lead to the strengthening of the US currency. According to the quotations of futures on a bet the Fed, traders estimate the probability of a June rate hike to 4%.

A slight effect on the gold had data for China. National Bureau of Statistics of China reported that the results of April the consumer price index rose by 2.3% per annum, as well as in March. The experts predicted an increase of 2.4%. The index is still below the inflation target of 3% this year, and the central bank have further room for easing monetary policy against the backdrop of the ongoing economic slowdown. Compared with the previous month, the consumer price index fell by 0.2% after falling in March to 0.4% in April. In addition, it was announced that the producer price index in April fell by 3.4% per year, after declining by 4.3% in March. The fall of the index observed over four years. Economists had forecast the index decline 3.8%.

The cost of the June gold futures on the COMEX fell to $ 1262.5 per ounce.

The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Tuesday. The Chinese consumer price index (CPI) rose at annual rate of 2.3% in April, missing expectations for a 2.4% increase, after a 2.3% gain in March.

Food prices rose at an annual rate of 7.4% in April, while non-food prices increased 1.1%.

On a monthly basis, consumer price inflation decreased 0.2% in April, after a 0.4% fall in March.

The Chinese producer price index (PPI) dropped 3.4% in April, beating expectations for a 3.8% fall, after a 4.3% decline in March.

(raw materials / closing price /% change)

Oil 43.24 -0.46%

Gold 1,265.40 -0.09%