Oil gained for a third day on concern that tension in the Middle East will disrupt supplies and as the euro rose to a four-month high against the dollar.

Oil climbed as much as 0.4 percent as the U.S. Embassy in Lebanon said it received reports indicating a greater possibility of attacks against U.S. citizens. The dollar fell against the euro, increasing oil’s appeal as an investment alternative. Crude rose 2.7 percent last week as the Fed pledged to start a third round of quantitative easing.

Oil for October delivery traded in the range of $98,56 - $99,52 on the New York Mercantile Exchange. The contract rose to $99 on Sept. 14, the highest settlement since May 3. Prices are up 0.5 percent this year.

Brent for November settlement fell 35 cents to $116.31 a barrel on the London-based ICE Futures Europe exchange.

Gold prices are close to the maximum of seven months due to the promise of the U.S. Federal Reserve to keep interest rates low.

Last week, the Fed said that he was going to keep interest rates near zero until mid-2015, causing gold prices rose by 2 percent in one day.

The price of gold has doubled in the past four years, the Fed has spent almost $ 3 trillion to buy bonds. Since the beginning of 2012 gold price increased by 13.2 percent.

Stocks of gold-ETF funds in the last month rose by more than 3 million ounces to a record 73.58 million ounces.

October futures price of gold on COMEX today kept in the range of 1765.0 - 1776.1 per ounce.