Oil is cheaper on the background of continuing decline in consumer confidence in the American economy and the deepening debt crisis of the euro zone, affecting the consumption of oil.

Published on Tuesday, the data research firm Conference Board showed that consumer confidence in the U.S. economy in May fell to 64.9 points from the revised downwards in the figure for April 68.7 points. These differed from the expectations of analysts, who, in contrast, forecast growth rate to 69.5 points from 69.2 points unrevised month earlier.

Tensions between the West and Iran persists, as talks on Tehran's nuclear program last week, ended in nothing.

In Europe, investors continue to wonder whether there will be Greece in the euro area, and to monitor the state of the banking sector in Spain.

Crude for July delivery dropped to $90.37 a barrel on the New York Mercantile Exchange.

Brent oil for July settlement slipped 84 cents, or 0.8 percent, to $106.27 a barrel on the London-based ICE Futures Europe exchange.

Gold is rising against the backdrop of a moderately strong statistics on inflation in Germany in May and hopes to reduce the tensions in Greece.

German CPI rose is not as strong as expected in May (+1.9% y / y vs. 2.0% y / y and2.1% y / y in the previous period). A month rate fell by 0.2%. Category of food and clothing, and recreation and energy are the main drivers of such dynamics.

Positive impact on the markets have reported that the four Greek banks received a total of 18 billion euros in the second program of assistance to Greece EU and the IMF. Hellenic Foundation for financial stability (HFSF), which is responsible for the distribution of financial aid, transferred funds National Bank, Alpha, Eurobank and Piraeus Bank.

The cost of the June gold futures on the COMEX today rose to a high of $ 1583.5 per ounce.

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