Oil prices rose slightly today, which is mainly due to technical factors. But despite the recovery, Brent crude oil continues to trade near four-year low.

Experts point out that the fundamental factors of weaker growth in the global economy, falling demand and excessive growth stocks remain the same. Oil prices close to the oversold technical indicators that reflect. Meanwhile, hourly charts indicate the likelihood of further correction before the weekend. However, the correction may be small, since oil prices are influenced by the stock markets of the USA, which are now falling.

Little impact on the bidding had presented today OPEC monthly report. It repeated the view expressed earlier by some members of the cartel view that global oil demand will increase with the onset of winter. Meanwhile, we add that OPEC has maintained its forecast for global oil demand this year at 91.19 million barrels per day. In comparison with 2013 year, the demand has increased by 1.05 million b / d. Forecast for 2015 maintained at 92.38 million b / d. OPEC expects to meet demand in 2014, her average will need to produce 29.5 million b / d in 2015 - 29.2 million b / d. Demand for oil produced outside of OPEC, is expected to reach 55.91 million b / d (an increase of 1.68 million b / d compared to the previous year). Recall Organization discuss quota for oil is 30 million barrels per day, at a meeting on November 27 and show no signs that its members are willing to work together to support the global market.

Pressure on prices has had a statement of IMF managing director Christine Lagarde that the eurozone faces a high probability of a new recession. Previously, the world's leading investors Mark Mobius and Jim Rogers noted that in the current situation to predict the price of oil there is no way. According to them, as the oil may fall to $ 60 a barrel, and again exceed the mark of $ 100.

The cost of the November futures for the American light crude oil WTI (Light Sweet Crude Oil) rose to $ 84.92 a barrel on the New York Mercantile Exchange (NYMEX).

November futures price for North Sea Brent crude oil mixture rose $ 0.23 to $ 89.34 a barrel on the London exchange ICE Futures Europe.

Gold prices declined moderately today, but continue to show growth in the week as positive economic data from the United States strengthened the dollar and reduced investor demand for safe-haven assets.

Nevertheless, we add, which will reduce expectations of a quick rate hike by the Federal Reserve continue to influence the market. Yesterday, the price of gold rose above two-week high on the day after the Fed meeting minutes of September 16-17, showed that some members of the committee believes that the existing wording misleading as to the timing of rate increases, and the growth of interest on loans should be linked to the success of the American economy. Protocols have also shown that the central bank has reduced the United States economic growth forecast because of the fledgling dollar and concerns about the weakness of the global economy.

"Minutes of the Fed really revived the gold market", - said Bob Haberkorn, senior broker RJO Futures in Chicago. - "The market appreciates the fact that interest rates will not rise in the short term, and most traders have adjusted their expectations for a rate hike."

Margins in China are held at the level of $ 5-6 to the spot price, indicating the interest of the buyers. Return to the market of Chinese players on Wednesday after a holiday week supported the gold price.

"In the near future, I think gold will be about $ 1210 with the support of sentiment that emerged after the publication of the minutes of the meeting of the Fed. Prices may reach $ 1,240 resistance level, and by the end of the year to fall below $ 1,200, "- said the analyst Jinrui Futures.

The cost of the December gold futures on the COMEX today dropped to 1221.00 dollars per ounce.