Oil prices fell today, while leaving to the $ 112 per barrel, after the data presented show that the volume of oil rose last week.

It became known that crude oil inventories in the week ended February 22 rose by 1.13 million barrels. Meanwhile, data showed that stocks of distillates, including heating oil and diesel, rose by 557,000 barrels.

Note that the price of Brent crude oil rose in the beginning of February to $ 120, which is a nine-month high, but has since fallen back on the background of the fact that many signs point to the weakness of the global economy. Meanwhile, experts say that there is potential for further losses.

We also add that the drop in oil prices was limited, as many market participants were awaiting speech by Federal Reserve Chairman Ben Bernanke's comments that were received as aid in restoring the economy, driving up the price of oil and other risky assets.

Moreover, we recall that the prevailing tensions between the West and Iran over Tehran's nuclear program has long supported prices, helping to keep the cost of Brent crude above $ 100 for most of 2012 and this year.

April futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 93.14 dollars a barrel on the New York Mercantile Exchange.

April futures price for North Sea petroleum mix of mark Brent fell 35 cents and is now $ 112.63 a barrel on the London Stock Exchange ICE Futures Europe.

The price of gold fell today, after rising more than 1 percent in the previous session, as many investors decided to lock in some of their positions in the run-up speech by Federal Reserve Chairman Ben Bernanke. However, despite the expectation of his comments almost no effect on the dynamics of trade, as he repeated some of their statements yesterday.

Note that the last gold Big one-day rise in three months, as Bernanke said he supported an extension of the Fed's bond purchases by 85 billion dollars. We also recall that Bernanke on Tuesday did not mention about the difference in the views of the commission members FOMC, but touched all the issues that are of concern.

We also add that today, investors have struggled to maintain won last position, however, continued cautious about the longer-term prospects for gold, given the expectations of a further rise in the economic cycle, which increased appetite for riskier assets. In addition, the fall in gold prices was due to the sell-off in stock funds.

Meanwhile, we note that the pressure on the precious metal continues to be provided concerns automatic spending cuts that are set to begin on March 1, if Congress fails to take measures to address this decline.

March futures price of gold on COMEX today dropped, and now stands at 1602.50 dollars per ounce.

Change % Change Last

Oil $92.53 -0.10 -0.11%

Gold $1,614.00 -1.50 -0.09%