Oil rose after dollar decreased, bolstering the appeal of commodities to investors, and as contracts to buy U.S. homes gained more than forecast in March.
Crude oil for June delivery rose 0,32% to $104.45 a barrel on the New York Mercantile Exchange.
The Labor Department reported that more Americans than forecast filed applications for unemployment benefits last week. Jobless claims fell by 1,000 to 388,000. The median forecast of economists was 375,000.
A Commerce Department report tomorrow may show that U.S. growth slowed in the first quarter, increasing speculation that the Fed will consider more stimulus.
U.S. first-quarter gross domestic product, the value of all goods and services the nation produced, rose at a 2.6% after advancing 3% in the previous three months.

Gold rose on speculation that the Federal Reserve may increase stimulus measures to bolster the U.S. economy after more Americans than forecast filed applications for unemployment benefits last week.
Jobless claims fell by 1,000 to 388,000 in the week ended April 21, from a revised 389,000 a week earlier, which was the highest since early January, Labor Department figures showed today. The median forecast of economists  was 375,000.
Fed Chairman Ben S. Bernanke said yesterday that the central bank will do more to fuel growth if necessary.
Gold futures for June delivery rose to $1657.40 an ounce (+0.92%). Session high was at $1659.90 an ounce.

Change % Change Last

Oil $104.02 -0.10 -0.10%

Gold 1,645.30 +3.00 +0.18%