Oil prices rose, with rising above $ 105 a barrel, even though the speculation that the rise in price of oil last week was too much.

Note that the dynamics of trades also had a statement by the International Energy Agency, which reported that the fundamental outlook for oil look less positive in view of weaker demand growth this year, as well as higher levels of supply. According to experts, in the short-term market looks quite balanced, and therefore, we should expect trade in a range between $ 90 and $ 110 per barrel.

Note also that the world's stock markets were close to five-year highs, driven by optimism about the prospects for global growth. But trading volume on most financial markets was low, as in a number of countries are celebrated religious holidays.

We also add that many traders are awaiting the publication of minutes of the last meeting FOCM, to be issued on Wednesday. This event may help to assess the prospects for the oil market, as well as provide any hints continuation of monetary easing by the Federal Reserve.

the U.S. central bank.

Also worth noting is that oil markets were supported by tensions in the Middle East, which has raised concerns about the security of supply of the largest producers in the region.

The cost of the June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 96.72 dollars a barrel on the New York Mercantile Exchange.

June futures price for North Sea Brent crude oil mixture rose $0.40 to $ 105.02 a barrel on the London exchange ICE Futures Europe.

Gold prices retreated from the lows, approaching at the same session to the highest levels. Note that the above spot price of gold reached a low of $ 1,338.95 an ounce, the lowest level since April 16, which was due to concerns that European central banks may liquidate gold reserves. Add that break through the technical level of $ 1,525 per ounce also contributed significantly to sales. It is worth noting that if today's trading will be closed down, it will be the 8th daily drop and the longest string of losses since March 2009.

Meanwhile, the report of the Commodity Futures Trading (CFTC) showed that hedge funds and money managers reduced their "long position" for gold and silver for the week to 14 May.

In addition, it was reported that the stocks in the SPDR Gold Trust - the largest gold exchange-traded fund in the world, reached on Friday, the lowest level in four years, dropping to 3 tons to 1,038.41 tons mark.

The cost of the June gold futures on COMEX today dropped to 1358.00 dollars an ounce.