Oil prices have risen markedly today , after a government report showed that U.S. crude inventories fell last week to the lowest level in nearly 22 months.

According to the Department of Energy on changes in stocks in the week January 6-12 :

- Oil reserves fell by 7.658 million barrels to 350.234 million barrels ;

- Gasoline inventories increased by 6,183 million barrels . to 233.142 million barrels . ;

- Distillate stocks fell by 1.023 million barrels . to 123.95 million barrels .

- Refining capacity utilization rate 90.0 % versus 92.3 % a week earlier .

" Gasoline inventories increased significantly for several weeks , and there is no demand in the market needed to reduce them ," - said analyst Gene McGillian Tradition Energy .

We also recall that yesterday its data on oil provided Petroleum Institute API. They showed :

- Capacity utilization in the week 90.1% against 92.7 %

- Distillate stocks last week 1.7 million barrels

- Gasoline inventories last week 5.4 million barrels

- Oil reserves for the week 4.1 million barrels

At the same time, investors in the oil market have paid attention to the forecast for the development of BP World Energy Outlook to 2035 , according to which the world energy consumption will grow from 2012 to 2035 by 41% compared with 55 % for the last 23 years and 30 % over the past ten years.

It should also be noted that the forecast of the country 's largest oil company, China National Petroleum Corp, in 2014 , oil demand in China will grow by 4 % - to 518 million tons of fuel - by 4.8% to 300 million tons. This year, demand for oil in China will increase by 4 % Net oil imports in China will rise by 7.1 % - to 298 million, and the country's dependence on oil imports was 58.5 %.

According to the expectations CNPC, processing volumes increase by 6.5% - to 668 million tons , oil production - by 5.1 % , to 509 million barrels. Production of gasoline will increase by 7 % - to 106 million tons, diesel fuel - by 4.5 % to 180 million tons, kerosene - by 9 % to 27.26 million tons. Fuel exports from China will grow next year by more than 30 %.

Gas demand in China will increase by 11 % - up to 186 billion cubic meters , the volume of imports through pipelines - by 17.9 %, to 33 billion cubic meters, and LNG supply - by 20%, to 30 billion cubic meters.

The course of trade also affected the U.S. data , which showed that the manufacturing index in the Fed of New York has grown significantly in January compared with the previous month . According to the data , the manufacturing index in January rose to 12.51 against 2.22 in December. December's initial value was at 0.98 points. Economists expected the index to rise to only 3.2 points. All sub- indices rose compared with the previous month and were in positive territory.

February futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $94.35 per barrel.

February futures price for North Sea Brent crude oil mixture rose $1.10 to $107.25 a barrel on the London exchange ICE Futures Europe.

Gold traded down though and could recover some of the previously lost positions as strong U.S. data and optimistic outlook for global economic growth caused a rise in the dollar and stocks, which put pressure on the metal.

As it became known , the U.S. producer price index rose a seasonally adjusted 0.4% in November , led by a jump in energy prices. This happened after declining for two consecutive months , and marked the biggest increase since June. However , producer prices for the entire 2013 rose by only 1.2% , it is the smallest annual growth rate since calendar 2008. Main producer prices , which exclude volatile prices for food and energy , increased by 0.3% from November and 1.4 % for the whole 2013 . Growth last month was lower than the forecast of economists expect an increase in overall prices by 0.5% , while the growth of the base prices was above forecasts of 0.1 %.

" The gold market is largely dependent on U.S. economic data , because they directly affect the forecast reduction ( Fed stimulus .) Report on retail sales was good, but the main event will be the Fed meeting later this month ," - said precious metals trader in Hong Kong.

On the price of gold is also influenced by the report of the World Bank , which raises forecasts for global economic growth , stating that the weakening of fiscal consolidation measures in countries with high income increased growth prospects.

Presenting its latest report on global economic prospects , the lender said it now expects that the global economy will grow by 3.2 percent this year , which was a little more than forecast at 3.0 percent, which was mentioned in the June report . It's also better than expected growth of 2.4 percent in 2013 . Much of this improvement reflects the growth in high -income countries, the bank said . In 2015, global gross domestic product will grow by 3.4 percent , which is slightly faster than the 3.3 percent that had been projected earlier. In addition , another report showed that the gold reserves in SPDR Gold Trust, fell on Tuesday by 3.56 tons - up to 789.56 tons , reaching a five-year low at the same time .

We also add that analysts banks Goldman Sachs and Credit Suisse advised to sell gold because, in their opinion, now is the best strategy game on the commodity markets . Their outlook - falling gold prices to $ 1,050 an ounce by the end of 2014. Analysts banks Commerzbank and Citibank different opinion . The upside of gold they appreciate in 1300-1400 dollars per ounce.

Cost February gold futures on the COMEX today dropped to $ 1241.00 per ounce.

Gold  $1,242.70 -8.40$ -0.67%

Oil  $92.57 +0.77$ +0.84%