Analytics, News, and Forecasts for CFD Markets: raw news — 07-05-2014.

The price of oil rose moderately after a government report showed that U.S. crude inventories declined for the previous week .

Data from the Department of Energy on changes in stocks in the week April 28 - May 3, showed :

- Oil reserves fell by 1.781 million barrels to 397.576 million barrels ;

- Gasoline inventories increased by 1,608 million barrels . to 213.18 million barrels . ;

- Distillate stocks fell by 0.447 million barrels . to 114.002 million barrels .

- Refining capacity utilization rate of 90.2 % against 91.0 % a week earlier ;

- Oil terminal in Cushing declined by 1.395 million barrels . to 24.033 million barrels .

Experts polled by Bloomberg, expected increase in oil reserves by 1250 thousand barrels , gasoline inventories increase by 500 thousand barrels and distillate stocks increase by 750 thousand barrels.

Recall also that their data were presented yesterday Institute of oil API. They showed :

- Capacity utilization in the week 91.3 % vs. 90.5%

- Distillate stocks last week 0.763 million barrels

- Gasoline inventories last week 2.4 million barrels

- Crude oil inventories -1.8 million barrels

Meanwhile, adding that oil traders continued to monitor developments in Ukraine , where the conflict between the government and pro-Russian separatists continued to deteriorate , leading to fears that the crisis will grow deeper tightening U.S. opposition . The West accuses Russia manual separatist rebellion in the east of Ukraine , after the annexation of the Crimea in the past month.

The dynamics also influenced word Fed chief Yellen , who gave a rather positive assessment of the economic outlook , speaking before Congress . Nevertheless , it signaled that her optimism has not changed the central bank's plan to retain short-term interest rates near zero for the foreseeable future .

June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 100.66 per barrel on the New York Mercantile Exchange (NYMEX).

June futures price for North Sea Brent crude oil mixture rose $ 0.31 to $ 107.50 a barrel on the London exchange ICE Futures Europe.

Gold prices fell sharply today , while reaching the lowest level since May 5. Impact on the dynamics of the words of Russian President Vladimir Putin that he was ready to discuss the crisis in Ukraine. Also, market participants' attention was focused on the performance of the Federal Reserve System Janet Yellen .

It is worth noting that in the first half of the session price almost reached the level of $ 1315 per ounce on fears that the confrontation between pro-Russian separatists and government forces in Ukraine may increase. Nevertheless , the dynamics changed quickly after Putin said he would discuss the matter with the head of the Organization for Security and Cooperation in Europe .

Falling prices also continued after the statements Yellen . She noted that while the rate of inflation in the United States moves to around 2%, and the economy improves, the Fed will continue to minimize the QE program at a moderate pace . Moreover, Yellen added that the first rate increase will depend on the progress made by the Committee under its mandate.

As for the physical market, buying gold in Asia rose today as markets reopened after a public holiday in Japan , Hong Kong and South Korea, dealers said .

Chinese purchases have been moderate , as a weak currency kept from buying in large quantities. Meanwhile, the Chinese Association of gold stated that China's demand for gold bullion fell by almost 44 percent year on year in the first quarter of 2014 , while the total consumption of gold increased by 0.8 percent.

To date, the cost of the June gold futures on the COMEX fell to $ 1297.50 .

Gold declines toward 1,300 due to the speech of Russian President Vladimir Putin. He said that Russia is ready to discuss a way out of the Ukrainian crisis with the head of the Organization for Security and Co-operation in Europe.