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Gold/Mining/Energy : Trico Marine Services (TMAR)
TMAR 22.410.0%Nov 7 9:30 AM EST
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To: D.J.Smyth who wrote (574)7/21/1998 10:24:00 AM
From: D.J.Smyth   of 1153
 
08:55 DJS Crude-Oil Rises, Metals Decline; Commodities Futures Mixed
08:55 DJS Crude-Oil Rises, Metals Decline; Commodities Futures Mixed

NEW YORK -(Dow Jones)- Commodities futures were mixed Tuesday. In New
York, crude oil was modestly higher amid short covering after several days of
fairly heavy selling, while precious metals futures were broadly lower.
Shortly before 10 a.m. EDT, the CRB-Bridge futures index was down 0.59
at 208.86.
On the New York Mercantile Exchange, August crude oil was up 24 cents
at at $13.58 a barrel. September crude oil was up 10 cents at $13.73 a barrel.

Expiration of the August crude oil contract at the end of Tuesday's
session is expected to be the main focus of the day's activity. There is still
a good deal of speculative open interest in the contract that needs to be
offset by the close.
The release of weekly inventory data by the American Petroleum
Institute later Tuesday is also seen as a factor. Players are likely to trim
bearish positions in case the data are supportive, said an analyst.
Among petroleum products, August unleaded gasoline was up 0.42 cent at
43.35 cents a gallon.
August heating oil was up 0.50 cent at 36.80 cents a gallon.
August natural gas was down 2.7 cents at $2.068 per million BTUs.
On New York's Commodities Exchange, August gold fell $1.10 to $295.60
an ounce.
September silver fell 5.0 cents to $5.420 an ounce.
October platinum fell $6.60 to $387.00 per ounce, amid speculative
selling.
Among industrial metals, September copper fell 0.45 cent to 78.60 cents
per pound.
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