West Texas Intermediate crude rose for the first time in five days as U.S. equities advanced amid gains by retailers.

Prices rebounded from a six-month low. The Standard & Poor’s 500 Index increased to a record as Macy’s Inc. and J.C. Penney Co. climbed amid Black Friday sales events. Oil also moved higher on concern that unrest in Libya will cut production from Africa’s largest oil reserves.

WTI for January delivery gained $1.31, or 1.4 percent, to $93.61 a barrel at 10:28 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 45 percent below the 100-day average. Prices, down 2.9 percent in November, are set for the longest monthly slide since January 2009. Floor trading was suspended yesterday for the Thanksgiving holiday and will close an hour early at 1:30 p.m. today.

Brent for January settlement increased 36 cents, or 0.3 percent, to $111.22 a barrel on the London-based ICE Futures Europe exchange and is up 2.2 percent this month. The volume of all futures traded was 40 percent less than the 100-day average. The European benchmark grade was at a premium of $17.61 to WTI. The spread was $19.01 on Nov. 27, the widest in more than eight months, based on closing prices.

Gold market in November completes the strongest decline since June as the U.S. economy led investors to transfer funds to high-growth stock markets .

The last three sessions held in the range of prices on the occasion of Thanksgiving Day in the United States on Thursday .

As the precious metals trader in Hong Kong, "at this time , investors are reluctant to act , and there are no catalysts for price movements in either direction . Terms of positioning investors have already exhausted the potential decline. Prices may rise by year-end from the current levels . "

Another important event for the market may be the publication of a report on employment in the U.S. in early December. Economic statistics is important for the gold market , as it dominates the Fed plans for a program of incentives.

Shopping in China, which this year is expected to become the world's largest gold market , rose this week due to lower prices . On Thursday, gold sales of 99.99 percent of the sample on the Shanghai Futures Exchange were the highest in seven weeks , and weekly sales were the highest since the last week of September.

The cost of the December gold futures on the COMEX today rose to $ 1254.50 per ounce.

GOLD 1,243.90 6.10 0.49%

OIL (WTI) 92.18 -0.12 -0.13%