West Texas Intermediate crude fell for a third day on rising U.S. supplies and as a stronger dollar weighed on commodity prices.

Stockpiles increased last week for the first time since Aug. 8, according to the Energy Information Administration. The Bloomberg Dollar Index headed for a fifth weekly gain as the Federal Reserve moves closer to raising interest rates. Brent widened its premium to WTI on signs of lower OPEC output.

"Oil continues to come under pressure from the idea that we have ample supplies," said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. "The dollar is throwing pressure on oil."

WTI for October delivery dropped 98 cents, or 1.1 percent, to $92.09 at 10:28 a.m. on the New York Mercantile Exchange. The volume of all futures traded was about 3.3 percent above the 100-day average. Prices are poised for a third straight weekly loss. The October contract expires on Sept. 22.

Brent for November settlement fell 2 cents to $97.68 a barrel on the London-based ICE Futures Europe exchange, headed for a weekly gain of 0.6 percent. Volume was 28 percent below the 100-day average. WTI for November was at a discount of $6.37 to Brent for the same month, compared with $5.72 yesterday.

The price of gold decreases the third consecutive week, and today was no exception.

Sustained economic growth in the United States support the dollar on the world market and reduces the interest in safe assets.

This week, investors showed some hesitation on the eve of the Fed meeting and referendum in Scotland, but in both cases the fears were unfounded. Experts believe that the gold in these conditions may go down to $ 1,200.

Of statistics published today, the index of leading economic indicators in the United States rose in August 2014 by 0.2%, according to a research organization Conference Board, which calculates. Such a growth rate of this indicator became minimal since January. Analysts had expected a more significant growth rate - 0.4%. In July, the index increased by 1.1%, previously reported growth of 0.9%. Increase was the highest since July last year.

Unlike futures physical gold demand. In China, which is the biggest market for the precious metal, low price has attracted new buyers. Extra charges sellers for the week increased by an average of 1.5 dollars.

The cost of the October gold futures on the COMEX today dropped to 1214.0 dollars per ounce.