The cost of oil rose today, while rising above $ 109 a barrel, recovering after four days of losses. Economists also note that growth prospects muted demand and concerns about weakening limited rise in oil prices.

We add today the Ministry of Labour will present another positive sign for the U.S. labor market, published a report showing that the number of initial applications for the first time for unemployment benefits unexpectedly fell in the week ended March 9.

The report shows that for the week of March 10, the number of applications for unemployment benefits fell to 332,000, which is 10,000 less from the previous week's revised figure 342 000.Padenie surprise to economists, who had expected that the number of applications for unemployment benefits increase to 355,000 from 340,000, which was originally reported last week. The number of repeat orders decreased from 3.113 million to 3.024 million vs. 3.100 million

We also add that the pressure exerted on the oil comments central bank to stabilize inflation expectations, which raised concern that he may refuse to stimulate economic growth, before recovering attains full speed.

Further, the current data showed that during the week on March 8, reserves of natural gas in the U.S. fell by 145 billion cubic meters. feet, according to an EIA. A week earlier the index noted a decline of 146 billion cubic meters. feet.

April futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 92.69 dollars a barrel on the New York Mercantile Exchange.

April futures price for North Sea petroleum mix of mark Brent rose $ 1.33 to $ 109.77 a barrel on the London Stock Exchange ICE Futures Europe.

Gold futures prices fell today, helped by earlier strengthening of the dollar, as well as signs that the global economy, led by the recent positive data from the U.S. is on the road to recovery, but despite this, the precious metal was not able to entrenched in these positions, and rose sharply to levels approaching opening day.

Recall that yesterday, the precious metal rose to a two-week high at $ 1,599.10, but was never able to break through the key resistance level at $ 1600, due to pressure from the dollar.

We add that the U.S. dollar rose to its highest level in seven months against a basket of currencies, helped by positive data on retail sales, which increased hopes that the economy can cope with higher taxes and spending cuts this year.

Reflecting the uncertainty in the gold market, the largest reserves of gold exchange-traded fund SPDR Gold Trust remained almost unchanged on Tuesday.

Note that an important event that may affect the market sentiment could be tomorrow's inflation data, which are likely to shed light on the direction of monetary policy, and help to better assess the prospects for the U.S..

April futures price of gold on the COMEX declined and now stands at 1585.30 dollars per ounce.

Change % Change Last

Oil $92.38 -0.14 -0.15%

Gold $1,588.10 -0.30 -0.02%