Brent oil prices rose moderately , while rising above $ 108 per barrel, while the price of WTI fell slightly . Influenced the course of trading yesterday's data on oil reserves in the U.S. , as well as today's decision by the ECB's rates.

Experts point out that the European Central Bank adopted measures to support the economy of Europe were received by participants of the oil market as a sign of weakness of the European market . ECB on the results of the May meeting cut its benchmark interest rate on loans from 0.25 % to 0.15 % per annum, and for the first time in the history of the deposit rate dropped to a negative level (- 0.1%). During the press conference after the meeting M.Dragi said that the ECB will hold several rounds of programs target long-term lending (TLTRO) at a fixed interest rate, and reported on the preparations for the quantitative easing .

"The fact that the ECB has decided to establish a negative rate , says the fear of the bank's management about the risks of deflation in the euro area , which allows to predict weak demand for commodities in Europe - said partner John Kilduff Again Capital . - Also in the next two days will be a series of meetings of senior officials of Russia and the West, which may lead to the reduction of tension in Ukraine. "

In addition, investors follow the course of meetings of the leaders of Russia and the West in Paris as part of celebrations marking the 60th anniversary of the Allied landings in Normandy. It is expected that the negotiations will be discussed Ukrainian crisis and ways of its resolution .

Recall also that the volume of distillates in the U.S. rose for the previous week by 2 million barrels , gasoline - by 210 thousand barrels. Oil stocks fell by 3.43 million barrels , while remaining at a level close to the maximum since 1982, recorded in April of this year .

"The market is composed picture, favoring " bearish " trend, due to the growth of hydrocarbon reserves as a whole - the analyst said BNP Paribas Harry Chilingiryan . - Can still be a short-term correction quotations WTI, during which they may fall below $ 100 per barrel ."

The cost of the July futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 102.52 a barrel on the New York Mercantile Exchange (NYMEX).

July futures price for North Sea Brent crude oil mixture rose 22 cents to $ 108.40 a barrel on the London exchange ICE Futures Europe.

Gold prices rose sharply today , adding about 1 percent , and stepping back from four-month low , after the European Central Bank cut interest rates to record lows and Mario Draghi unveiled a package of new measures to stimulate the economy .

Earlier today, the ECB announced a reduction of all major bets from June 11 . The base rate was reduced from 0.25% to 0.15 % per annum, lending - from 0.75% to 0.4 % per annum. In addition , the regulator has introduced a negative deposit rate - at 0.1% . Later at a press conference , ECB head Mario Draghi announced that the regulator is preparing for massive injections of liquidity. About 400 billion euros will be provided in the form of euro-zone banks long-term loans . Furthermore, the European Central Bank is going to start buying direct assets. The news Gold rose at the fastest pace in 5 weeks . The European Central Bank also lowered its GDP growth forecast for the eurozone in 2014 to 1% from 1.2% , expected in March this year . Real GDP growth forecast for the eurozone in 2016 has not changed - 1.8%. Forecast for 2015 , in contrast, was raised - the ECB expects to increase the region's GDP by 1.7% compared to 1.5 % in March ,

Meanwhile, add that today Societe Generale raised by 7.8 per cent forecast in gold prices in 2014 , citing a geopolitical crisis over Ukraine. Bank predicts that gold will cost an average of $ 1,272 per ounce in 2014 , higher than the previous forecast of $ 1,180 an ounce.

Experts point out that after the news from the ECB market participants directed their attention to tomorrow's data on the U.S. labor market . According to forecasts , the number of people employed in non-agricultural sectors of the economy grew at the end of May to 219 thousand, and the unemployment rate rose to 6.4 % from 6.3% .

The cost of the June gold futures on the COMEX today rose to $ 1253.3 per ounce.

Gold $1,244.00 -2.00 -0.16%

ICE Brent Crude Oil $108.40 -0.42 -0.39%

NYMEX Crude Oil $102.25 -0.54 -0.53%

01:30 Australia Trade Balance April 0.73 0.53

01:45 China HSBC Services PMI May 51.4

06:00 Germany Factory Orders s.a. (MoM) April -2.8% +1.3%

06:00 Germany Factory Orders n.s.a. (YoY) April +1.5%

07:00 United Kingdom Halifax house price index May -0.2% +0.4%

07:00 United Kingdom Halifax house price index 3m Y/Y May +8.5%

09:00 G7 G7 Meetings

09:00 Eurozone Retail Sales (MoM) April +0.3% +0.1%

09:00 Eurozone Retail Sales (YoY) April +0.9% +1.3%

11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50%

11:00 United Kingdom Asset Purchase Facility 375 375

11:00 United Kingdom MPC Rate Statement

11:45 Eurozone ECB Interest Rate Decision 0.25% 0.10%

12:30 Eurozone ECB Press Conference

12:30 Canada Building Permits (MoM) April -3.0% +1.4%

12:30 U.S. Initial Jobless Claims May 300 314

14:00 Canada Ivey Purchasing Managers Index May 54.1 58.6

17:30 U.S. FOMC Member Narayana Kocherlakota

23:30 Australia AiG Performance of Construction Index May 45.9