High Oil Prices and Gold

U.S. gasoline inventories lowest level since August 2009 (Reuters) -

Futures rose to U.S. crude oil and Brent crude influenced by the U.S. government report showed that gasoline inventories fell more than expected last week.

The report came to reinforce the price of crude, which has flared since the outbreak of protests in the Arab region, which is richer in terms of global oil production.

In London trading market futures rose Brent blend crude oil delivered in June next $ 1.2 up to 125.34 dollars per barrel after being traded in a range of 123.25 U.S. dollars to 125.5 dollars.

As for contracts of U.S. light crude futures rose delivery in June at the New York Mercantile Exchange (NYMEX) 60 cents to 112.81 dollars per barrel after being traded in a range of 111.71 to 113.13 dollars per barrel.Gasoline stocks The U.S. Energy Information Administration said on Wednesday that U.S. inventories of gasoline fell last week ending April 22, to continue falling for the tenth consecutive week, reaching their lowest level since August 2009.

Gasoline stocks fell by 2.51 million barrels to reach 205.59 million barrels.

Distillate stocks also fell 1.8 million barrels to 146.53 million barrels. According to the report increased U.S. inventories of crude oil 6.16 million barrels last week ending 22 April to 363.13 million barrels.

And the management report that crude oil imports rose in the week mentioned by 1.2 million barrels to 9.23 million barrels.

The rise of gold In the gold market prices of futures contracts for gold and U.S. gold in the spot market to new highs on Wednesday after the Federal Reserve issued (the U.S. central bank) issued a statement in which he said he would leave interest rates at current levels near zero.

And recorded for gold in the New York Mercantile Exchange (NYMEX) the level of a new record at 1524 dollars an ounce, while spot gold record at a record level of $ 1523.44 an ounce

Source: agencies

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