Thursday, June 21, 2007

Australian Oil Stocks Decline, Led by Woodside Petroleum; Rinker Advances

(Bloomberg) -- Australian oil stocks fell, led by
Woodside Petroleum Ltd. after crude slid for a fourth day. Rinker
Group Ltd. gained after Mexico-based Cemex SAB extended its $14.2
billion offer by almost a month to garner a larger stake.

The S&P/ASX 200 Index slipped 14.20, or 0.2 percent, to
6372.80 as of 10:20 a.m. in Sydney. About five stocks slid for
every four that gained. The benchmark is set for a 1.2 percent
gain this week.


Read more at Bloomberg Stocks News

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