The price of oil fell slightly, closer to $ 107 per barrel (mark Brent), which was due to ample supplies in Europe and Asia. As for oil WTI, its price is also reduced, despite a report pointed to a decline in stocks.

Commercial U.S. crude inventories last week fell by 3,697 thousand barrels - up to 367,374 million barrels, according to the weekly report of the U.S. Department of Energy. Gasoline inventories rose by 365 thousand barrels and reached 218,236 million barrels. Commercial distillate stocks rose by 789 thousand barrels, reaching 126,721 million barrels. Experts expected a decrease of oil reserves by 1250 thousand barrels, gasoline inventories growth for 1000 thousand barrels and distillate stocks increase by 1,500 thousand barrels. We also add that the oil terminal in Cushing fell by 0.924 million barrels - up to 17.899 million barrels and refinery utilization in the United States decreased to 93.5% against 93.8% a week earlier

We also recall that yesterday's report from the American Petroleum Institute on changes in stocks in the U.S. showed that oil stocks fell by 4.4 million barrels, gasoline inventories rose by 0.06 million barrels, distillate stocks rose by 0.547 million barrels, while refining capacity utilization rate was 92.6% against 93.3% a week earlier;

On the dynamics of trade also affect expectations of the Fed meeting. Tonight, the Fed will issue a statement on the results of the monthly meetings, and on Friday in the United States will report on the employment market. Markets expect the Fed to reduce monthly program of buying bonds to $ 10 billion.

Meanwhile, adding that investors weakly reacted to news of strengthening sanctions against Russia and waiting for the reaction of President Vladimir Putin.

"The sanctions are directed against more investment in technology and their impact on the oil markets will manifest itself mainly in the long term," - said a senior economist at ABN Amro energy market in Amsterdam Hans van Kleef.

Regarding the situation in Libya, the production in the country is maintained at 500,000 barrels per day on a background of fighting in the capital Tripoli, a spokesman of the Ministry of Petroleum Industry.

The cost of the September futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 100.95 a barrel on the New York Mercantile Exchange (NYMEX).

September futures price for North Sea Brent crude oil mixture fell 16 cents to $ 107.30 a barrel on the London exchange ICE Futures Europe.

The price of gold fell today, while dropping below the psychological level of $ 1,300 per ounce, as strong economic data outweighed the purchase on the background of geopolitical problems.

The U.S. Commerce Department announced that gross domestic product expanded at a seasonally adjusted annual rate of up to 4.0% in the second quarter. Economists had forecast an increase of 3.1% for the quarter. The rise in stocks and acceleration in consumer spending led to widespread growth and leveled a lot of resistance from increased imports. Growth has replaced the first quarter, when the economy contracted by 2.1%. While this was the worst quarter in the current recovery, this figure reflects an upward revision from the previously estimated 2.9% reduction. The economy grew by about 1% during the first half of 2014. Annual changes published on Wednesday, showed that the economy also expanded by 4% in the second half of 2013, it is the best indicator for the six months to 10 years.

Experts note that the latest data reinforce the arguments in favor of accelerated clotting program to stimulate the economy and the earlier-than-expected rise in U.S. interest rates. Now the focus of the Fed's decision on monetary policy, which will be announced tonight. The Committee is expected to announce more QE minimize the program to $ 10 billion to $ 25 billion. Earlier this month, the Federal Reserve Janet Yellen noted that U.S. interest rates may rise sooner if the recovery in the labor market will continue.

"Nobody wants to hold long positions in gold now, when the Fed, according to most people inclined to tighten policy sooner rather than later," - said Frank Lesh, broker FuturePath Trading.

Demand for gold is still supported, as tensions between Russia and the West in relation to the situation in Ukraine remains high, while the fighting between Israel and Hamas militants in Gaza also remain in the spotlight.

The cost of the August gold futures on the COMEX today fell by $ 4.6 - to $ 1293.40 per ounce.

(raw materials / closing price /% change)

Light Crude 101.16 +0.19%

Gold 1,299.00 +0.05%