Oil prices rose slightly , restoring previously lost ground. Slight pressure on the prices have U.S. data , which were worse than expected .
According to the report , the gross domestic product , the broadest measure of goods and services produced in the economy , rose to a seasonally adjusted annual rate of 2.4% in the last quarter of the year, compared with the initial estimate of 3.2%. About this Ministry of Commerce said on Friday . Economists had forecast a 2.6% increase .
U.S. economy grew in the third quarter of this year by 4.1 % , and the initial estimates for the fourth quarter increased hopes for higher growth , more rapid creation of new jobs and higher wages in 2014
However, pressure also had concerns about the upcoming spring season closing refinery maintenance : investors expect a reduction in oil demand in the U.S., which is the largest consumer of fuel in the world .
Meanwhile , we add that the fall in oil prices restrain currency market trends : euro on Friday rose to the maximum from the beginning of the year against the dollar . Commodities, the prices of many of which are expressed in U.S. dollars, usually rise in price after the weakening of the U.S. currency
"Oil does not respond as other markets risky assets due to winter and geopolitical issues in the Middle East . With the weather improved attractiveness of the market decline and the economic slowdown in China will only aggravate it . Prices should not be at this level " , - believes CEO of research firm Barratt's Bulletin in Sydney Jonathan Barrett .
April futures price for U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 102.55 per barrel on the New York Mercantile Exchange (NYMEX).
April futures price for North Sea Brent crude oil mixture rose 17 cents to $ 108.95 a barrel on the London exchange ICE Futures Europe.
Gold prices fell slightly , dropping below $ 1330 per ounce , but are on the way to its biggest monthly gain in seven months as persistent concerns over a slowdown in U.S. economic growth put pressure on the dollar.
Gold rose nearly 7 percent in February - the biggest increase since July , mainly due to weak data on the U.S. and China , and political and economic instability in Ukraine, which has raised the demand for the metal as a hedge against risk.
"In general , whether in Ukraine , economic data on the U.S. or concerns about China is likely there are many more reasons than it was six weeks ago , looking for gold ," said Nomura analyst Tyler Wade .
The dollar fell 0.5 percent against a basket of major currencies, mainly due to the strength of the euro after data on inflation in the euro area , which was higher than expected , easing pressure on the European Central Bank to ease monetary policy next week.
Gold also influenced the U.S. data . As it became known , the U.S. economy expanded at a slower pace than originally anticipated in late 2013 , becoming a sign of slowing growth against bad weather and weak foreign demand for American products .
Gross domestic product , the broadest measure of goods and services produced in the economy , rose to a seasonally adjusted annual rate of 2.4% in the last quarter of the year, compared with the initial estimate of 3.2%. About this Ministry of Commerce said on Friday . Economists had forecast a 2.6% increase .
U.S. economy grew in the third quarter of this year by 4.1 % , and the initial estimates for the fourth quarter increased hopes for higher growth , more rapid creation of new jobs and higher wages in 2014.
Instead, the economy seems to be back to its post-crisis path when overall growth remains stubbornly close to 2 %. Meanwhile, other recent indicators of consumer spending , job creation , industrial production and housing market began warning signs . While severe winter conditions may have exerted pressure and kept active , weak figures expressed concern about the strength of the economy at the beginning of the year.
Meanwhile, it became known that the situation in the physical market in Singapore has remained stable . Premiums for gold bars in Hong Kong fell to $ 1 per ounce from $ 1.70 last week, reflecting a drop in demand from China .
The cost of the April gold futures on the COMEX today dropped to $ 1325.60 per ounce.