The price of oil has increased significantly, rising at the same time to its highest level in more than 15 months, which was associated with the publication of the U.S. data. We also add that the price difference between Brent Crude and WT decreased to less than $ 1, which is fixed for the first time since 2010.

Prices rose by 1.5% after the Labor Department reported that the number of claims for unemployment benefits fell to 334,000 last week, which is the lowest since the beginning of May. In addition, it was reported that the figures of the previous week were revised up to 358,000 from 360,000. Economists had expected the number of hits will be 349 thousand

Numbers fluctuate in recent weeks, which is probably due to seasonal factors, such as the closure of some plants in the summer. Four-week moving average of claims fell by 5,250 to 346,000 last week. The report also stated that the number of continuing claims rose by 91,000 to 3.114 million in the week ended July 6.

The report suggests that employers are laying off fewer workers, and in many cases increase the staff. Over the past nine months, the economy added a little more than 200,000 jobs, while unemployment remains high.

The steady growth in employment may prompt the Fed / Fed / reduce incentives, including monthly purchases of bonds worth 85 billion dollars. Fed Chairman Ben Bernanke has repeatedly said that the central bank will cut the program later this year and complete stimulation to mid-2014 if the economy and the labor market strengthened in line with forecasts.

Note also that the price increase also supports yesterday's report on U.S. oil reserves, which showed that the results of the seven-day period that ended on July 12, crude oil inventories in the U.S. fell to 6,902 million barrels to 367.016 million barrels level. It is worth noting that according to the average forecasts of experts, the reserves had to be down only by 1.9 million barrels, after a decline of 9.9 million over the previous seven days.

The cost of the August futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 107.65 dollars a barrel on the New York Mercantile Exchange.

August futures price for North Sea Brent crude oil mixture increased to $ 108.50 a barrel on the London exchange ICE Futures Europe.

Gold prices rose today, partly recovering from the recession more than 1% in the previous session, which was associated with a decrease in concerns about the program to purchase assets of the Federal Reserve System. Recall that yesterday, Fed Chairman Ben Bernanke said the U.S. central bank still plans to start reducing the amount of asset purchases later this year, but has left open the possibility of changing the plan if necessary.

Note also that in the course of today's trading affected data from the Ministry of Labour, which showed that the number of U.S. workers filing new applications for unemployment benefits fell sharply last week, a sign that employers continue to steadily recruit.

Initial claims for unemployment benefits fell by 24,000 to a seasonally adjusted 334,000 in the week ended July 13. In addition, the previous week's figures were revised up to 358,000 from 360,000. Economists had expected the number of hits will be 349 thousand

Numbers fluctuate in recent weeks, which is probably due to seasonal factors, such as the closure of some plants in the summer. Four-week moving average of claims fell by 5,250 to 346,000 last week. The report also stated that the number of continuing claims rose by 91,000 to 3.114 million in the week ended July 6.

Experts point out that recent data may reinforce the view that the Federal Reserve will begin to phase out its ambitious incentive program in September, but some traders warn that the July report, usually heavily distorted by seasonal factors.

Also today it was announced that the largest gold reserves in the Fund ETF SPDR Gold Trust fell yesterday by 1.5 million tons to 937.57 million tons.

The cost of the August gold futures on COMEX today rose to a high of $ 1285.20 an ounce.

Change % Change Last

GOLD 1,274.90 -15.50 -1.20%

OIL (WTI) 106.50 0.50 0.47%