Commodity Briefing

REUTER

US crude futures fall: US December crude oil futures prices were flat in thin after-hours trade Thursday. Trade turned quiet on the final day of ACCESS trade for the week. By 1820 PDT, December crude oil traded at $14.24 a barrel on ACCESS, flat from its NYMEX close where it finished five cents a barrel lower. December crude volume was a light 325 lots for all months and 297 lots for December on ACCESS. Gasoline and heating oil prices moved in opposite directions in the overnight market. November unleaded gasoline traded 44.80 cent a gallon on ACCESS, down 0.10 cent with 25 lots exchanged for all months and 13 in November. November heating oil traded 40 lots total, with 12 changing hands in November.

Indian gold demand up: Demand for gold in the country was expected to rise by nearly 10 per cent to touch around 762 tonnes this year as against 693.50 tonnes during 1997. According to the latest quarterly report on gold released by New York-based CPM Group, most of the growth was expected in thejewellery sector which accounts for 97.4 per cent of all gold used in the country, Bombay Bullion Association said here on Friday.

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