West Texas Intermediate fluctuated amid forecasts that a report tomorrow will show that U.S. crude supplies gained for a 10th week while stockpiles of distillate fuel, a category that includes heating oil and diesel, dropped.

Futures traded in a 86-cent range. The Energy Information Administration will probably say crude inventories rose 750,000 barrels last week, according to the median of nine responses in a Bloomberg survey. Stockpiles of distillate fuel fell to a five-year low, the survey showed. Prices slipped yesterday after Iran and world powers reached an interim agreement on Nov. 24 to restrict the country’s nuclear program.

WTI crude for January delivery slipped 5 cents to $94.04 a barrel at 10:59 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 48 percent below the 100-day average. Prices are up 2.4 percent this year.

Brent for January settlement rose 11 cents to $111.11 a barrel on the London-based ICE Futures Europe exchange. Volume was 21 percent lower than the 100-day average.

Gold prices decline on weak physical demand and uncertainty in term of reducing the incentives Fed .

From the beginning, gold fell by about a quarter because of fears that the Fed will reduce the amount of buying bonds to $ 85 billion per month. According to some analysts , reducing incentives will begin in December , while others believe that based on the latest economic data the central bank will keep the volume of buying bonds until next year . The next meeting will be held on December 17-18, Fed .

Demand rose after prices fall below $ 1,230 , but again fell silent when they increase , dealers said . Margins in Shanghai for gold bullion 99.99 percent purity on Tuesday fell to $ 8 per ounce to $ 13 on Monday .

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Monday fell by 3.3 tons, and since the beginning of the year reserves decreased by 450 tons.

The cost of the December gold futures on the COMEX today dropped to $ 1240.90 per ounce.

GOLD 1,248.20 4.10 0.33%

OIL (WTI) 94.17 -0.67 -0.71%