Oil prices fell , dropping below $ 107 per barrel (brand Brent), which was due to fears of growing supply and demand discontinuity , despite signs of economic growth in the second largest oil consumer in the world - China.

Recall that the increased tension in Syria, which could disrupt the supply of Middle East oil brand Brent, pushed prices to a six-month high in August - above $ 117. But since then, prices have dropped by more than $ 10 a barrel . However , some analysts say that a further decline is still to come .

As the price of crude oil WTI, they were under pressure from the seasonal drop in demand and an increase in domestic oil production , which led to an increase in inventories , especially on the U.S. Gulf Coast.

Meanwhile , we add that oil markets continue to be supported by the data presented yesterday by the Chinese , who pointed to the acceleration of economic growth.

In addition, we note that a small effect on the bidding had a report on the United States, which showed that orders for durable goods rose 3.7 % in September compared with August . It was the second consecutive monthly increase and the strongest increase since June. Analysts had expected new orders rise by 1.7 % in September. The growth was driven by double-digit percentage increase in orders for transportation equipment , namely, non-defense aircraft .

Excluding transportation equipment orders for durable goods fell 0.1 % last month - the third consecutive month of decline in orders.

The report showed that demand fell for commodities such as machinery and equipment, electrical equipment, hardware , and automobiles and auto parts .

" As the price of oil , they are close to the minimum . Demand for oil has reached a low point , and the onset of winter when it will grow," - said the risk manager Mitsubishi Corp Tony Noonan .

Moderating influence on prices have U.S. talks with Iran on Tehran's nuclear program . On Thursday, the White House hosted a meeting of leaders of the Senate Committees advisers to persuade Congress to postpone the adoption of tough new sanctions against Iran.

The cost of the December futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 97.52 a barrel on the New York Mercantile Exchange.

December futures price for North Sea Brent crude oil mixture fell $ 0.36 to $ 106.59 a barrel on the London exchange ICE Futures Europe.

Gold prices recovered from session lows , stabilized with near one-month high , completing the current week increase. Note that the rise in price of the precious metal this week has been associated with the publication of weak data , which pushed even further opportunities to reduce the stimulus from the Fed .

Recall that yesterday, the U.S. Labor Department reported that the number of Americans filing initial applications for unemployment benefits fell last week - a sign that the majority of employers in the private sector left jobs for the period of interruption of the government. The number of initial claims for unemployment benefits fell by 12,000 adjusted for seasonal variations to 350,000 .

Report on Thursday pointed to a cooling in the labor market . On Tuesday , the government reported that the economy added only 148,000 jobs in September , based on data collected before October 1. This compared with an average of more than 200,000 jobs a month in the first half of the year .

Signs of softening of the labor market and the U.S. economy , combined with the weakening of other economic reports posing a new challenge for the Federal Reserve and puts the start date to reduce incentives. Recall that the issue would be discussed at a meeting of the Fed, which will take place on the already next week.

Data presented today also showed that stocks of the world's largest exchange-traded fund backed by gold SPDR Gold Shares on Thursday fell by 0.2 percent or 1.8 tons. Recall that on Monday the fund holdings declined by more than 10 tonnes, but increased by 6 tonnes on Tuesday .

Note also that the increase in spot prices further deter physical demand in most Asian countries. Premiums on the Shanghai Stock Exchange on gold fell to multi-month lows at $ 2 an ounce. This compares with a high of $ 30, which was recorded in April and May.

The cost of the December gold futures on COMEX today dropped to $ 1347.00 per ounce.

GOLD 1,350.20 16.30 1.22%

OIL (WTI) 97.10 0.24 0.25%