West Texas Intermediate crude decreased, extending a second monthly loss, after a government report showed that U.S. inventories surged to a four-month high.

Futures fell as much as 1.4 percent after the Energy Information Administration said stockpiles rose 4.09 million barrels to 383.9 million last week. A 2.4 million-barrel gain was projected in a Bloomberg survey. The EIA, the Energy Department’s statistical arm, said supplies at Cushing, Oklahoma, where WTI traded in New York is delivered, rose 2.18 million barrels to 35.5 million, a two-month high.

WTI for December delivery declined 84 cents, or 0.9 percent, to $97.36 a barrel at 11:34 a.m. on the New York Mercantile Exchange. The contract traded at $97.15 before the release of the report at 10:30 a.m. in Washington. The volume of all futures traded was 9.5 percent lower than the 100-day average. Prices are down 4.9 percent this month after losing 4.9 percent in September.

Brent for December settlement rose 44 cents, or 0.4 percent, to $109.45 a barrel on the London-based ICE Futures Europe exchange. Volume was 26 percent below the 100-day average. The European benchmark traded at an $12.09 premium to WTI, up from $10.81 yesterday.

Gold prices rise as investors bet on the continuation of the Fed's stimulus policy favorable to the growth of prices.

Prices rose by 7 per cent compared to October 15 marked three-month low due to investors' hopes that the recent debate on the budget in Washington will force the Fed to keep the program of bond purchases in the current level of $ 85 billion a month. The Central Bank will announce the results of the two-day meeting tonight.

According to experts, gold has always been a commodity asset, the most independent of the Fed's decision to reduce the purchase of bonds. The outcome of the Fed meeting depends on whether investors will withdraw money from the market or will be price increases .

Prices have risen in China , completing the previous trading at a discount to international prices for the first time since the beginning of the year, as investors would like to get the money for fear of tightening credit conditions. Extra charges in India are still close to a record due to the reduction of supply.

The cost of the December gold futures on COMEX today rose to $ 1359.60 per ounce.

USD/JPY Y97.10, Y97.35, Y98.00, Y98.15, Y98.20, Y98.25, Y98.50, Y99.00

EUR/USD $1.3650, $1.3675, $1.3725, $1.3730, $1.3735, $1.3750, $1.3800

GBP/USD $1.6000, $1.6010, $1.6020, $1.6050, $1.6080, $1.6085

EUR/GBP stg0.8540

USD/CHF Chf0.8900, Chf0.8950

AUD/USD $0.9450, $0.9475, $0.9500, $0.9600

USD/CAD C$1.0415, C$1.0450, C$1.0500

GOLD 1,345.20  -6.80 -0.50%

OIL (WTI) 98.27 -0.41 -0.42%