Cost of oil futures rose today that due to a drop in U.S. oil inventories and extended introduction of sanctions against Russia Washington and Brussels. Experts do not rule out that the U.S. and EU sanctions will create an additional risk premium in world oil and gas markets, but do not predict a significant increase in prices.

"The sharp decline in growth stocks explains WTI, - the analyst said Jefferies Bache Ltd. Christopher Bellew. - Russian sanctions so far, do not seem too worried about the market. "Recall that oil inventories in the U.S. fell last week to 7.53 million barrels to 375.04 million barrels, while experts expected a decline of only 2.75 million barrels. Meanwhile, gasoline inventories increased by 171 thousand barrels to predict when a jump at 610 thousand barrels.

On the dynamics of trade also affects the political situation in Libya and Iraq. Experts point out that in the next few weeks the direction of movement of oil prices will primarily determine the situation of oil supplies from Libya. It will take time before oil terminals reach full operating capacity, so that shipments from Libya in the short term is unlikely to grow significantly, analysts say. According to Libya's National Oil Corporation, now produced 550 thousand barrels per day.

Support prices also continue to yesterday's data on China, who reported a stronger-than-expected GDP growth in the second quarter - by 7.5 percent.

Market participants also drew attention to today's U.S. data. As the report showed Philadelphia Fed in July PMI rose, reaching at this level of 23.9 points compared to 17.8 points in June. It is worth noting that many economists had expected a fall of the index to the level of 15.6.

Cost of the August futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 102.16 per barrel on the New York Mercantile Exchange (NYMEX).

August futures price for North Sea Brent crude oil mixture fell $ 1.78 to $ 107.67 a barrel on the London exchange ICE Futures Europe.

Gold prices rose slightly today, retreating further from the four-week low, as investors took advantage of lower prices to buy. Growth of quotations is also linked to the downturn in most Asian stock markets.

"After a significant decline this week someone buys a depreciating gold, but the general mood is pessimistic," - said a trader at precious metals.

Meanwhile, markets were cautious, since Wednesday, the U.S. and the European Union announced a new package of sanctions against Russia after the annexation of the Crimea in April and continuing tension in the rest of Ukraine. U.S. sanctions have become the biggest at the moment. In response to the sanctions, Russian President Vladimir Putin said that relations with the U.S. are at risk to go to the "dead end" and could harm the business interests of the country in Russia.

The dynamics also influenced today published U.S. data, which showed that the construction of homes fell 9.3% in June, becoming the surprising sign of weakness for the sector, which is struggling to keep up the momentum in the last year. Housing starts fell last month to a seasonally adjusted annual rate of 893,000, the weakest level since September 2013, said the Ministry of Commerce. It was the second consecutive month of falling, and it was due to a decline in the south by almost 30%. Other parts of the country have noted an increase. Despite today's report, several recent signs indicate that the housing market is regaining its footing.

Pressure on prices continue to word Fed chief Janet Yellen, who said that the central bank may raise interest rates sooner or faster than expected, if continued growth of employment and wages in the United States. Growth rates will cause an outflow of investors from the gold market that is profitable percent.

Also today it was announced that the world's largest reserves secured gold exchange-traded fund SPDR Gold Trust on Wednesday fell by 2.7 tons to 806.03 tons, indicating the weakening of investment demand.

From a technical point of view, immediate resistance is at $ 1310. In the case of falling prices, and overcome the mark of $ 1,300, $ level support will in 1285.

The cost of the August gold futures on the COMEX today rose to $ 1303.10 per ounce.

(raw materials / closing price /% change)

Light Crude 101.41 +0.21%

Gold 1,298.50 -0.10%