Oil prices have risen significantly today , rising at the same time above $ 111 per barrel (Brent) $ 98 per barrel (WTI), and is now directed to its weekly gain , which is associated with a positive outlook for fuel demand in the U.S. and a decrease in Libyan supplies. We add that the oil prices are also rising in the background of that presented earlier this week, a report showed that U.S. crude stocks fell , while the decision to the U.S. Federal Reserve to start reducing bond-buying program has supported the view that the U.S. economy is on the road to recovery.
U.S. crude WTI c beginning of the week up 2.5 percent, while prices for Brent demonstrate weekly gain at 2 percent.
It should be noted that support prices were surprisingly strong U.S. data . According to the report , U.S. GDP grew in the third quarter by 4.1 % year on year , showing the highest since the fourth quarter 2011 preliminary estimate of GDP growth in the third quarter was at 3.6 %. The median estimate of GDP growth economists was also at the level of 3.6%. Growth stocks accounts for about one-third of GDP growth in the third quarter, which shows the company's confidence in the prospects for demand. Growth in retail sales in October and November, the Fed confirmed assessment that the economy is growing . Growth in market share increased estimate of household assets , as house prices rise . Along with the increasing number of employees, and lower unemployment , consumption seems to have become grow. Consumer spending rose by 2% , compared to 1.4% according to preliminary estimates . Cost of services led to GDP growth of 0.32% in the third quarter . In addition to increased health care costs, increased spending on leisure . Spending on nondurable goods rose 2.9 %.
Prices were also supported by the ongoing supply problem in Libya where crude oil exports fell to 110,000 barrels per day, with more than 1 million barrels per day in July.
Cost February on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 99.04 a barrel on the New York Mercantile Exchange.
February futures price for North Sea Brent crude oil mixture increased by $ 1.22 to $ 111.27 a barrel on the London exchange ICE Futures Europe.

Gold futures rose today, but , nevertheless, remain near six-month lows on the news that the Federal Reserve will begin to reduce the amount of its program to stimulate the economy in the next month , which will put pressure on the precious metal. Now gold prices could recover above $ 1,200 per ounce, which was broken during yesterday's trading .
Meanwhile, we add that the attention of the market also attracted U.S. GDP data . It is learned that the U.S. economy grew stronger pace of 4.1 % in the third quarter. Growth was stronger than previously estimated , as new data showed that consumer spending accelerated in the summer.
Department of Commerce previously reported on the annual growth rate of 3.6 % in July-September . A new estimate on Friday showed that gross domestic product , the sum of all goods and services produced in the economy grew at the fastest pace since the fourth quarter of 2011, and became the second fastest rise since the beginning in mid-2009 . Economists had forecast a revised third-quarter growth rate of 3.6%.
In addition, it was reported that the world's largest reserves of gold exchange-traded fund secured (ETF) SPDR Gold Trust on Thursday declined by 3.9 tonnes to 808.72 tonnes - its lowest level in nearly five years. Outflow for the year of the eight largest " gold " ETF world totaled 720 tons, as investors prefer stocks.
Demand in the physical market grew only slightly at lower prices because consumers expect that gold prices will drop even more.
Studies show that experts expect a reduction in demand for the metal. Manufacture of jewelery will fall significantly in the near future that will provoke the proposed reduction of gold bullion purchases by 50%.
The cost of the December gold futures on the COMEX today rose to $ 1200.40 per ounce.

Gold $1,196.1 -40.00 -3.24%
Oil $98.63 +0.83 +0.85%
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