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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Post_Patrol who wrote (72661)	9/8/2000 8:28:22 AM
From: Post_Patrol	Respond to of 95453

European Midday Update: Oil Stocks Drag Down Europe's Markets By TSC Staff 9/8/00 7:40 AM ET LONDON -- After pushing tentatively higher at the open, the FTSE 100 turned tail as investors began taking profits in the index's two big oil stocks. By midday, the FTSE 100 was down 51 points at 6639. BP fell 8.5p to 653 ($9.27) and Shell eased 9.5 to 606.5, ending an exceptional run of late on the back of firmer crude prices. But with OPEC about to start its latest summit in Vienna, it is inevitable that investors would show signs of nervousness. Saudi Arabian Oil Minister Ali Naimi has said that OPEC would try to bring oil prices back below $28 a barrel. Talk is that Saudi Arabia will propose a production hike of 700,000 barrels per day. Falls in British Telecom (BTY:NYSE ADR - news