The cost of oil futures declined moderately , as market participants continue to analyze yesterday's report on oil . Recall that, according to the Energy Information Administration , oil stocks rose by 4 million barrels to 374.500 million in the week ended Oct. 11. It should also be noted that many market participants are waiting for tomorrow's report on reserves , which is projected to show that oil stocks last week rose again , which could become the fifth consecutive weekly increase .

According to analysts , the value of WTI crude oil will continue to decline until the end of this year on rising U.S. inventories , easing tensions in Iran and the establishment of an interim agreement on the debt ceiling by U.S. politicians.

Add that little support prices today have news about the deterioration of relations between the United States and a key oil producer in OPEC - Saudi Arabia. As the head of Saudi intelligence Prince Bandar bin Sultan, an unnamed European diplomat , the Saudi authorities may limit cooperation with Washington over the U.S. position on Syria and Iran.

Riyadh presumably believes that Washington became friendly with Iran , in addition, according to the Saudi authorities , the United States are unable to resolve the crisis in Syria. The United States also declined , along with Saudi Arabia to support Bahrain to suppress anti-government protests in 2011.

Recall that Saudi Arabia is the most important producer of oil in the Middle East, and plays a key role in maintaining the balance in the oil market to maintain price stability.

The cost of the November futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 98.47 a barrel on the New York Mercantile Exchange.

December futures price for North Sea petroleum mix of mark Brent rose 12 cents to $ 109.92 a barrel on the London exchange ICE Futures Europe.

Gold prices rose significantly , reaching in this three-week high , after weak figures on employment in the United States have raised expectations that the Federal Reserve will keep its incentive program continued in 2014.

The Department of Labor reported that the number of people employed in the U.S. increased less than expected. It shows that before the temporary suspension of the U.S. government reduced the growth rate of the economy .

Employment growth in September was 148,000 , while employment growth in August was revised up to 193,000 ( higher than originally reported) . The average score of economists before the data output stood at 179,000 . Thus, the data came out much worse than expected.

The unemployment rate fell to a five-year low , 7.2 % - the lowest since November 2008 This is better than expected at 7.3 %. The decrease in the unemployment rate due to the low proportion of the economically active population - 63.2 %, the lowest level since August 1978 .

Note that the employment data had to go out on October 4 , but the temporary cessation of the government has resulted in the release of data transfer time .

According to analysts, investor sentiment is likely to remain depressed , which is also confirmed by the decrease in gold reserves in the world's largest exchange-traded fund - SPDR Gold Trust ( yesterday inventories fell by 10.51 tonnes to 871.72 million tonnes , showing the highest one-day drop since the beginning of July).

It should also be noted that physical demand for gold in India, which is the main consumer of the precious metal remains weak in anticipation of the beginning of the holiday season , which is generally considered to be a favorable time to buy jewelry.

The cost of the December gold futures on COMEX today rose to $ 1342.20 per ounce.

GOLD 1,315.70 1.30 0.10%

OIL (WTI) 99.10 -1.71 -1.70%