Oil prices rose sharply , reaching with its highest level in a month, after a TransCanada Corp. stated that in January will begin construction of a pipeline to deliver oil to Texas from Oklahoma. Recall that last month the president of the Canadian Petroleum korporatsiiTransCanada Russ Girling said the start of construction of the northern section of the pipeline from Canada through the U.S. Gulf of Mexico once again postponed, and its operation will not begin until 2016 . This pipeline project , called Keystone XL ( for oil exports from the large deposits of oil sands in Alberta, Canada, to the south of the United States , where the main refineries in the U.S. and major offshore oil terminals) - became the subject of the most heated debate.

Add that world oil prices also continue to rise in anticipation of data U.S. crude stocks and OPEC meeting . Note that today released its weekly report on wholesale inventories of raw materials in the U.S. from the American Petroleum Institute (API), assumed that for the week ending November 29 , on Wednesday will announce their reduction by 700 thousand barrels. Another deviation from the median forecasts in the direction of growth of more than 500 thousand barrels may again put pressure on prices.

On Wednesday in Vienna will be a meeting of the OPEC countries . Most analysts agree that the allocation of quotas will not be change . At the same time, the cartel members may report an increase in export volumes.

In addition, the U.S. Department of Energy on Wednesday will present its assessment on oil at wholesale stores of the country this week . According to experts, the first time in 11 weeks, a decline of 700,000 barrels.

Meanwhile, add that little pressure on the bidding had data for China . Official index of business activity in the non-manufacturing sector in China in November fell slightly to 56.0 . In October, the index was at 56.3 , but the index continues to show the stability of China's economy. Data released on Sunday by the index of business activity in the industry has shown that activity is at 18 - month high .

The price of January futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 95.77 a barrel on the New York Mercantile Exchange.

January futures price for North Sea Brent crude oil mixture rose 99 cents to $ 112.39 a barrel on London's ICE Futures Europe exchange

Today the price of gold reached its lowest level since the beginning of July , as U.S. data fueled expectations that the Federal Reserve will reduce the amount of its monetary stimulus , which contributed to the restraining investment interest in the precious metal. Note that the data released on Monday showed that the ISM index of manufacturing activity reached a peak in November for the last two and a half years , potentially opening up opportunities for the Fed to curtail the program of quantitative easing. Nevertheless , the price of gold has not been able to gain a foothold near their minimum values ​​, while rising to session highs .

I should add that today , experts from the Swiss bank UBS AG lowered outlook for gold in 2014 to $ 1,200 per ounce in 1325 dollars per ounce. At UBS said that currently fighting in gold prices is not only advantageous sales of investors, but in a limited number of positive catalysts, which suggests that gold is unlikely to regain its former appeal.

The bank also said that the downward momentum in gold prices could lead to the fact that investors can test the level of 1,050 dollars per ounce , which can be called " a decent standard of buying ", but this way will be "very turbulent ." Note that since the beginning of the year the price of gold has lost 27% , and in June its value fell to a minimum of 34 months , on fears of collapse of quantitative easing in the U.S..

The course of trade is also affected by expectations for important data. Add that this week will be released in the U.S. a number of macroeconomic indicators, including data on employment growth and the unemployment rate for November and the revised GDP dynamics for the III quarter , which will help to assess how things are going in the largest economy in the world.

According to dealers , buying gold consumers in Asia - the largest market in the world for physical gold rose on Tuesday in connection with yesterday's sharp fall in prices , but buyers remained on the sidelines , as expected further fall.

The cost of the December gold futures on the COMEX today rose to $ 1223.80 per ounce.

GOLD 1,219.90 -2.45%

OIL (WTI) 93.88 +1.25%