Oil with the highest value since June 2015

Oil has reached its highest level since mid-2015 yesterday, but has since retreated from its value after a recovery in Libya's lead pipeline supplies and data for a rise in US production to the highest value for four decades.
This was the first time since January of 2014, when both major types of oil - Brent and Crude, opened the year at levels above $60 a barrel. Aid for rising oil prices has sparked political tensions in Iran and the agreement between OPEC and Russia to restrict the production of raw materials.
US crude oil ended yesterday with a fall of 5 cents to 60.37 dollars a barrel or its highest level since June 2015.
The Brent lost 30 cents of its value, or close lower by 0.5 percent to a level of $67.29 a barrel. This was the highest level since May 2015.

Barclays reduced its target price for oil in 2018 by $10

On Friday, analysts at Barclays (LON: BARC) lowered their forecast for the price of Brent crude oil at the end of 2018, but confirmed the trend in the increase of oil prices.
In particular, analysts have lowered the forecast of oil on the London Commodity Exchange to $67 per barrel from the previous value of $77.
The analysts at Barclays explained, that they maintain their forecast that the price increase will be by $10 higher than the current rate futures.
They also left unchanged the forecast for the average price of a barrel of Brent crude oil for 2017 at $57 per barrel, noting that the forecast for the second quarter was $62.
Analysts called the situation "a game of musical chairs", which will end as soon as the US shale oil producers to increase production, or completed action on the production reduction agreement.
According to the analysts, if OPEC agreement is not renewed, it will decline in 2018, oil prices will be more volatile when stockpiling will continue, as OPEC spare capacity.
British bank's forecast for the price of WTI crude oil was $56 per barrel in 2017 and $65 per barrel in 2018.

Gold fell after the ECB meeting

Gold lost ground during yesterday trading, after the ECB left interest rates unchanged. The spot price of the precious metal fell by 0.6 percent to 1337.40 dollars for an ounce. Futures for deliveries in December retreated to 1341.60.
Important resistance level for the gold is the area around 1352. The first major support is 1327 dollars.
Platinum fell by 0.6 percent to 1078.20 dollars for an ounce, after on Wednesday failed to reach a 2-week high. Palladium retreated by 0.25 percent to 685.25 and the silver is down by 0.90% to 19.58 dollars for an ounce.
Oil prices rose to 47.60 dollars for a barrel after data on oil stocks in the US. For the week to September 3 stocks fell by 14.5 million barrels. Preliminary estimates of economists was for growth by 0.6 million barrels.

Investors disappointed with the data on oil stocks

After the first hours of trading on Thursday, the dollar was put under pressure, which lasted several hours, but still managed to recover. At the end of the working day in the United States, oil prices collapsed after oil reserves data in the US (actual decline in stocks was much lower than expected). Brent fell to almost $48 per barrel. Futures for WTI US crude traded at this time about the level of $ 46.49 per barrel, or 1.98 per cent lower than the previous close.

US crude stocks fell for the week ended July 1, with 2.22 million barrels to 524.4 million barrels, reported the Energy Information Administration (EIA) on Thursday. Stocks fell the seventh week in a row.
However, the EIA data practically coincided with a fall of 2.3 million barrels, which was expected by analysts, polled by Reuters, and there were significantly smaller reduction of 6.7 million barrels reported by the American Petroleum Institute on Wednesday.