Analytics, News, and Forecasts for CFD Markets: raw news — 08-05-2014.

The price of oil fell moderately today , as tensions in Ukraine there were signs of weakness , but the crisis in Libya and the jump in Chinese oil imports to a record kept prices .

On the eve of Russian President Vladimir Putin has urged supporters of the federalization of the South-East of Ukraine to postpone the scheduled referendum on May 11 and announced the withdrawal of troops from the border with Ukraine territories.

Meanwhile , the Chinese report showed : in April the total imports of crude oil to China amounted to 27.88 million tons , which corresponds to 6.8 million barrels per day. Daily volume of imports reached a record high , surpassing the previous highest value reached in January , when the country imported about 6.7 million barrels a day . In January, the total volume of crude oil imports in the PRC amounted to 28.16 tons, a record high monthly index.

Meanwhile, according to estimates Wall Street Journal, in April, the volume of oil imports to China increased by 20.8 % to 23.08 million tons of crude oil import figure in April 2013 . At the same time the growth rate since March of this year amounted to approximately 18.5% to 23.52 million tons. According to the published data, the total volume of oil imports to China in April 2014 amounted to 2.54 million tons, and the total volume of their exports amounted to 2.2 million tons.

Higher oil prices also contributed to the statement occupied ports rebels in Libya that they intend to keep until the two largest export terminal closed .

Market participants also continued to assess yesterday's inventory data . According to the U.S. Department of Energy , oil inventories in the country fell last week by 1.78 million barrels, while analysts had expected growth of 1.25 million barrels.

June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 100.06 a barrel on the New York Mercantile Exchange (NYMEX).

June futures price for North Sea Brent crude oil mixture fell $ 0.34 to $ 107.69 a barrel on the London exchange ICE Futures Europe.

Gold prices have stabilized today after yesterday's fall more than 1 percent . Impact on the dynamics of the word head of the European Central Bank Mario Draghi that the ECB may take action at the next meeting to solve the problem of inflation.

However, many analysts doubt that the ECB actually do something next time , as the Central Bank had previously lied to their expectations. However, these words were enough to cause fluctuations in the gold.

"Reading between the lines , it seems that even if Draghi itself ready to ease policy , it constrains the need to reach consensus on this issue ," said Marc Chandler , analyst at BBH. "Several of the creditor countries , led by Germany are worried that the rates are too low for a long time , leading to a drop in inflationary pressures ."

Market participants also continued to monitor the situation in Ukraine, where the lingering concerns over the conflict between government forces and pro-Russian separatists.

"If the conflict in Ukraine will calm down and the U.S. economy remains in good condition , it will be a good signal for stocks and bad for gold, as investors return to riskier markets where growth prospects better than gold," - said Peter Fertig , consultant Quantitative Commodity Research.

Support prices and have the data for China , which showed that China's trade surplus rose to $ 18.45 billion in April from a surplus of $ 7.7 billion in March, compared with forecasts of a surplus of $ 13.1 billion in Chinese exports rose 0 9 % year on year , higher than the expected decline of 1.7% , after falling in March by 6.6 %. Imports increased by 0.8 %, although the projected decline of 2.3% , after falling 11.3% in the previous month . Strong data helped ease fears about the health of the second largest economy in the world .

Meanwhile, we add that , despite yesterday's drop in prices , interest in buying of Chinese dealers on the Shanghai Gold Exchange was relatively weak.

To date, the cost of the June gold futures on COMEX rose to a high of $ 1289.10 .