The price of oil continued to rise, which has been associated with the publication of a government report showed that U.S. crude inventories last week rose.

Note that the data from the U.S. Department of Energy on oil and oil products over the past week have shown that

- Oil stocks rose 2.986 million barrels to 217.814 million barrels.

- Gasoline inventories fell - 587 million barrels. to 217.814 million barrels.

- Distillate stocks fell 0.316 million barrels. to 129.037 million barrels.

- Oil at the terminal in Cushing fell 0.837 million barrels. to 36.588 million barrels.

- Refining capacity utilization rate 91.2% versus 91% a week earlier.

We add that the price of WTI crude oil rose today to the highest level since May 2011 on concern that the conflict in Syria could spread and threaten oil supplies from the Middle East. As for the cost of oil brand Brent, it rose to a six-month high today.

Recall that the U.S., France and the UK are preparing for a military strike, and they laid the legal basis to justify their actions after the possible use of chemical weapons.

According to experts, Brent could rise to $ 150 a barrel, from about $ 116 today, if conflict breaks delivery. According to the data, the supply from Libya have fallen below 200,000 barrels per day, which was the lowest since 2011, when the operation against Muammar Gaddafi.

The cost of the October futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 109.99 a barrel on the New York Mercantile Exchange.

October futures price for North Sea Brent crude oil mixture rose to $ 115.58 a barrel on the London exchange ICE Futures Europe.

Gold prices showed today were mixed, showing the first rise above $ 1,430 an ounce, before falling below $ 1,420, in response, so concerns about a possible military action against Syria, as well as feeling the pressure from profit-taking after a sharp yesterday's growth. The official authorities of the United States, Britain discuss the possibility of a military strike on Syria. It is against this background that the world markets there has been a move away from risk and a sharp rise in crude prices and gold.

Meanwhile, we add that gold was supported by the renewed concerns about the debt of the U.S. government. On Monday, the Finance Ministry said that reaches the upper limit of borrowing in mid-October, earlier than many expected. Budget negotiations are an important factor for all financial markets, and the next fiscal impasse could have serious consequences, which is why some investors are now seeking to compensate for the risks when buying gold

We also add that since the beginning of August the price of the precious metal rose more than 8%.

Also influenced the course of trade data released by the U.S., which showed that the number of Americans who signed contracts to buy in the secondary market, fell in July, the second consecutive month, becoming the latest sign that higher mortgage rates are beginning to put pressure on the housing recovery .

The National Association of Realtors (NAR) reported that the seasonally adjusted index of pending sales of existing homes fell 1.3% compared with the previous month to 109.5 in July. Economists had expected the index to rise by 0.2%. At the same time, compared with a year earlier in July, the index rose by 6.7%.

Yet other data showed that the amount of gold reserves in the exchange-traded fund SPDR Gold Trust yesterday reached its highest level since August 1, amounting in this case 921.03 tons.

The cost of the October gold futures on COMEX today dropped to $ 1415.50 per ounce.

Change % Change Last

GOLD 1,420.60   27.60   1.98%

OIL (WTI) 108.90   2.98   2.81%