The People's Bank of China (PBoC) injected 162.5 billion yuan ($25 billion) into market through via its medium-term lending facility (MLF) on Monday.

The reason for this injection could be the decision to boost liquidity.

The cost of oil futures fell sharply early in the session on the background of the disappointing outcome of the negotiations of the largest oil producers. However, after the initial reaction of investors are back to buying, which helped win back much of the oil products.

Recall hopes that producing countries will be able to agree on a freezing of raw material production, it was one of the main factors that contributed to the rise in oil prices by 50% from the February lows. However, experts point out that although the meeting in Doha have not been successful for a few positive points remain the market. First, oil producers immediately planned a new round of negotiations in the format + OPEC after the June summit of the cartel. " In addition to Iran, the summit in June will have time to increase the export of oil and subsequently to participate in the production of frozen. However, in the near future the market will be dominated by negative sentiment oil, as investors pinned high hopes on the talks. Now some are now awaiting a new fall in quotations to $ 30 per barrel. "Technical support level is at the level of $ 38 per barrel, - said an analyst at IG Plc Angus Nicholson. - If the price drops below, we are waiting for a significant collapse of quotations this week. If the oil has recently really grown exclusively on the expectations of the production freeze agreement, then drop to 30 dollars seems very likely. "

Meanwhile, Goldman Sachs analysts recognize that the failure of negotiations is a negative factor for the market, however, indicate that the unexpectedly sharp decline in production in Kuwait gives investors some hope. As it became known, due to the large strike of workers of oil and petrochemical industries, oil production in Kuwait declined by more than 60% from March levels, to about 1.1 million barrels per day

Hedge funds reduced their bets on falling oil prices in the last reporting week before the oil-producing countries meeting in Doha, the data showed Commodity Futures Trading Commission US. At the end of trading on Tuesday a short position of hedge funds in the futures and options on WTI crude oil decreased by 18% or 18 620 contracts (in thousand barrels each). Betting on the rise in prices have increased by 2237 contracts (0.8%). Betting on growth proved more bets on the fall in 215,630,000 barrels.

WTI for delivery in May fell to $41.12 a barrel. Brent for May fell to $43.22 a barrel.

Gold prices stabilized after sharp fluctuations earlier in the course of trading, entrenched near the opening level. In the course of trading influence a weakening dollar and uncertainty about the prospects for the oil market after the failure of the meeting, oil-producing countries in Doha.

"Oil prices have dropped from four to five percent, pulling down shares of a Against this background, there are some safe haven buying." - Said Citi strategist David Wilson.

Meanwhile, the market is sufficient concerns about the timing of the US Federal Reserve raising interest rates to support the further growth of gold prices. After the first in nearly ten years the rate increase in December, the Fed downgraded on the pace of further growth rates, indicating that downside risks to the global economy may be more serious than expected. Recall, higher interest rates have a downward pressure on the price of gold, which brings its holders to interest income and that is difficult to compete with the assets, bringing that income against the background of increasing interest rates.

"Gold prices are likely to remain close to the level of $ 1,260 in the second quarter in anticipation of Fed rate increase that may occur in July," - said analyst Bernard Dahdah Natixis. Fed futures rates suggest only one rate increase this year, but recent upbeat economic data and hawkish comments from Federal Reserve officials have forced investors to reconsider forecasts. Meanwhile, on Friday the head of the Chicago Fed Evans said the Fed is unlikely to raise rates this month, but during the rest of the year the rate may be increased at least twice.

Gold reserves in the largest gold ETF-fund SPDR Gold Trust rose Friday to 5.64 tons to 812.46 tons, registering the first increase in a week.

Meanwhile, data from the Commodity Futures Trading Commission showed that hedge funds and money managers raised their bullish bets on gold for a week to 12 April.

The cost of the June gold futures on the COMEX today rose by $ 1.5 to $ 1236.0 per ounce.

The meeting between OPEC and non-OPEC countries on Sunday ended without any deal on the freeze of the oil output. Oil producers said that they needed more time to decide on the freeze of the oil production.

Participants of the meeting discussed the freeze of the oil output at January levels, which should help to balance the oil market. Iran did not participate in that meeting.

Next meeting is scheduled to be in June.

The oil driller Baker Hughes reported on Friday that the number of active U.S. oil rigs fell by 3 rigs to 351 last week. It was the lowest level since November 2009.

The number of gas rigs remained unchanged at 89.

Combined oil and gas rigs decreased by 3 to 440.

(raw materials / closing price /% change)

Oil 40.40 +0.10%

Gold 1,235.80 +0.10%