Crude oil futures maintain growth even after a U.S. government report showed that inventory levels neiti rose, while stocks of distillates and gasoline fell.

The Department of Energy said that inventories increased by 1.67 million barrels to a level of 366.4 million barrels last week. It is projected that growth would be around 1.5 million barrels.

Note that these data have been published tons a day later than usual this week in observance of Columbus Day on October 8.

It is learned that distillate stocks, which include heating oil and diesel, fell 3.18 million barrels to 120.9 million level. Many analysts had expected the fall to 1 million barrels.

At the same time, gasoline inventories fell by 534,000 barrels to 195.4 million mark last week, while still achieving the lowest level in nearly four years. Inventories forecast had increased by 250,000 barrels.

Futures also rose after data showed that the number of applications for unemployment benefits in the U.S. fell to a four-year low.

Also, the rise in prices continue to impact the tensions between Syria and Turkey, which could disrupt oil supplies from the Middle East.

November futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) is 92.52 per barrel on the New York Mercantile Exchange.

November futures price of North Sea Brent crude oil mixture is 115.32 dollars a barrel on the London Stock Exchange ICE Futures Europe.

Gold prices rose today, interrupted in this series of four fall after ratings agency S & P downgraded Spain's credit rating by two notches to the level of "BBB-", while increasing the likelihood that the country's financial assistance. In this regard, the euro has grown rapidly, pulling the top in gold prices.

Note that during the previous four days, the price of gold fell by more than 2%, registering with the longest decline since June.

Also note that the price of gold rose 13% in 2012 so far, which makes it one of the most efficient products this year.

After an attempt to break the gold level of $ 1,800 per ounce has failed, the market began a slight downward correction.

Short-term traders may expect a decrease in net long speculative positions from current high levels, before they will resume major purchases of gold.

Gold prices also rose even despite the fact that the number of initial claims for unemployment benefits fell to the lowest level since 2008, pointing out that the effort to raise start working. The Ministry of Labour said that figure fell by 30,000 to 339,000 level last week.

Recall that the U.S. Federal Reserve pledged to stimulate spending as long as the employment situation is not significantly improved.

Also note that the gold-mining owned by Gold Fields, AngloGold Ashanti and Harmony Gold in South Africa hit by strikes and AngloGold now hinting that, in connection with these events, they can shut down some of their deposits.

October futures price of gold on the COMEX fell 7.3$ today and now is 1770.50 an ounce.

Change % Change Last

Oil 91.38 +0.13 +0.14%

Gold 1,764.80 -0.30 -0.02%