The cost of oil futures rose sharply, rising at the same time to $ 107 per barrel, and reached a 14-month high. Note that the quotes are rising because of fears of oil supply disruptions from the Middle East. On Friday, Egypt completely closed the border with the Gaza Strip against militants in the revitalization of the adjacent Sinai. Local media reported the death last night of Egyptian border guard and wounding two of his fellow soldiers in Rafah. The situation on the peninsula escalated two days after the Egyptian military ousted the president-Islamist Mohammed Morsi. In addition, the previously reported that the Egyptian army units in the Sinai and Suez are on high alert after attacks against Egyptian security forces.

We add that the rise in prices has also helped the U.S. report. According to a report published by the Ministry of Labor, employment in the U.S. increased in June, more than expected.

The report states that the number of jobs outside of s / x U.S. in June rose by 195 thousand with expectations of growth in the number of 162 thousand jobs in May revised to 195 thousand from 175 thousand

Despite the stronger-than-expected job growth, the unemployment rate remained unchanged at 7.6%. It was expected that the unemployment rate will fall to 7.5%. The unemployment rate in May was not revised (7.6%).

The number of jobs in the private sector in June rose by 202 thousand, while the number of jobs in the manufacturing sector in June -6 th, in the service number 187 thousand jobs in the budget -7 th June, federal -5 th . Overall length of the work week in June was unchanged at 34.5 hours Average hourly earnings in June, 0.10 dollars to 24.01 dollars

Also today it was announced that Goldman Sachs Group maintained its three-month forecast for Brent crude oil at $ 105 a barrel.

The cost of the August futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 102.46 dollars a barrel on the New York Mercantile Exchange.

August futures price for North Sea Brent crude oil mixture rose $ 1.68 to $ 107.18 a barrel on the London exchange ICE Futures Europe.

Gold prices fell sharply today, falling by 3%, which was associated with a marked strengthening of the dollar. It should be noted that the dynamics of trade have influenced the data on U.S. employment, which could persuade the Fed to begin scaling back its monetary stimulus this year.

In the U.S. employers added 195,000 jobs in June, a sign of major improvement in the labor market, said the Ministry of Labour. The unemployment rate remained unchanged at 7.6%. The results exceeded expectations. Economists had expected growth of 162,000 and unemployment down to 7.5% from 7.6% in May.

U.S. employers added an average of 182,000 jobs each month for the past year, said the Ministry of Labour. Growth in employment in May rose by 195,000 originally reported 175,000 and 199,000 in April, compared with an earlier estimate of 149,000.

The Federal Reserve monitors the data on employment. Improvements could signal the imminent release of the 85-billion program of bond purchases. Fed Chairman Ben Bernanke said that the program could end if unemployment reaches 7%. The Fed said it may start to raise interest rates after the rate will fall to 6.5%.

We also add that the precious metal came under pressure after the European Central Bank signaled yesterday that can reduce interest rates.

The data also showed that the stock of gold in exchange-traded funds decreased by $ 4.1 billion in June and $ 28.2 billion, compared with the same period a year earlier.

The cost of the August gold futures on the COMEX fell today to $ 1214.50 per ounce.

Change % Change Last

GOLD 1,247.10 -4.80 -0.38%

OIL (WTI) 101.10 -0.14 -0.14%