Commodities market

Oil prices closed slightly on gains in trading yesterday as a major beneficiary of the U.S. dollar fell against most major currencies. Prices, which touched the barrier of $ 89 a barrel for the first time in two weeks lost much of its momentum upward following the announcement by U.S. Department of Energy for a sudden increase in oil inventories for last week by more than four million barrelsDespite the sharp decline in the previous week by about 5 million barrels of oil and the survival of close to its highest level is a factor in terms of technical support, but a long stay under the $ 90 level may overburden the determined and paid to the current wave of selling more units. Metals markets remained bullish on track with the addition of gold to about $ 9 in trading on Thursday, recording a record settlement priceAbout 1794 an ounce for the second day in a row and was the most prominent news concerning the announcement by Venezuelan President about the possibility of nationalization of the activities of exploration for gold in the country to boost its reserves of precious metal. Silver prices are still part of the gains cautious and slightly and was able to close at their highest levels for about two weeks and remained blurry image on economic growth ratesPressurizing factor in estimating the value of industrial demand is expected it.