Sunday, July 15, 2007

Australian Oil Stocks Rise, Led by Woodside on Higher Oil: Rio Tinto Slips

(Bloomberg) -- Australian oil stocks rose, led by
Woodside Petroleum Ltd. and Roc Oil Co. after crude climbed to an
11-month high on speculation maintenance closures in the North Sea
may limit global supplies.

Rio Tinto Group fell for a second day after announcing it had
agreed to buy Alcan Inc. for $38.1 billion, increasing its debt.


Read more at Bloomberg Stocks News

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