(raw materials / closing price /% change)
Oil 49.16 -0.43%
Gold 1,292.00 -0.01%
Oil futures rose significantly on Monday, will support received from the investor appetite for riskier assets after the survey results pointed to a lower probability of the UK from the European Union.
The campaign on whether Britain should leave the European Union or remain in the block resumed on Sunday after a three-day break, the cause of which was the murder of a parliamentarian from the Labour Party Joe Cox. The results of the survey companies Survation showed that EU membership voted 45% of voters and 42% of the vote for the exit. The median forecast on the results of six recent public opinion polls have shown a 50 percent probability of a positive or negative outcome of the referendum, while the bookmakers betting in the UK out of the EU have fallen sharply compared with last week. Now bookmakers estimate the chances Brekzita in 31% versus 44% in the middle of last week. According to projections, Societe Generale, in the short term, oil prices may fall by 5% in the event of the UK from the EU structure. At the same time, experts believe that in the case of the US dollar strengthened Brekzita.
Oil continues to recover, despite Friday's data from the oilfield services company Baker Hughes, who reported the third consecutive increase in the number of oil rigs, which implies an increase in future production. The Baker Hughes reported that the total number of drilling rigs increased last week by 10 units in the United States to 424. The number of oil rigs has increased over the reporting period 9 units to 337 units, gas - one of up to 86 pieces, the number of unskilled installations remained unchanged - 1 unit. Experts note that the renewed drilling activity in the US has increased speculation that domestic production could increase in the coming weeks, raising fears of excess global reserves.
WTI for delivery in August rose to $49.53 a barrel. Brent for August rose to $50.87 a barrel.
Gold prices slightly declined in today's trading, reacted to the news about Brekzita. Pressure on prices also provided strengthening investor appetite for high-risk assets
Opinion polls have shown a slight strengthening of the positions of supporters of continued membership in the EU, although in general the votes are divided almost equally.
The survey, conducted by Survation, showed that in the UK out of the EU are the 42% of the population and against - 45%. This is the first study on the subject conducted after the British Member of Parliament Joe Cox murder, opposed the country's exit from the EU. According to the last survey Survation, for access to the UK from the EU were 45% of respondents, and against - 42%. Meanwhile bookmakers estimate the chances of the UK exit from the EU to 31% against 44% in the middle of last week.
Recall, the price of gold rose last week to their highest level in two years amid speculation that British voters can vote for the exit from the trade bloc in a referendum, which is scheduled for Thursday.
"Undoubtedly, the referendum will be a key theme of this week's uncertainty with regard to the election results should support gold." - Said an analyst at Commerzbank.
Gold reserves, located in the reserves of the largest ETF fund SPDR GOLD Trust, rose on Friday by 0.59 percent, to 907.88 tonnes, the highest level since September 2013.
In addition, data Commodity Futures Trading Commission showed that in the week to 14 June hedge funds and money managers increased the number of positions on the gold purchase to their highest level in nearly five years.
The cost of the August gold futures on the COMEX fell to $ 1288.1 per ounce.
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