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

To: Terry D who wrote (94328)	10/31/2001 2:49:19 PM
From: The Ox	Respond to of 95453

Oil service stocks bounce off lows --2:13pm - By Tomi Kilgore The Phlx Oil Services Index ($OSX) gaining 0.4 percent, erasing losses of as much as 3.3 percent seen earlier in the session. Providing the early weight was the lastest industry data, which showed crude supplies continued to rise. The American Petroleum Institute said late Tuesday that crude inventories rose by 884,000 barrels during the week ended Oct. 26. The U.S. Energy Department followed that by saying early Wednesday that crude stocks rose 2.5 million barrels. December crude futures are trading down 77 cents, or 3.5 percent, at $21.10. Among the sectors heavyweights, Halliburton (HAL) is sliding $1, or 3.8 percent, to $25.35. Late Tuesday, the oil driller said a Mississippi court ruled against the company's subsidiary, Dresser Industries, in an asbestos case. Halliburton said it would "vigorously" appeal the verdict, which ruled that Halliburton would have to pay $21.25 million in punitive damages. Among others in the sector, Transocean Sedco-Forex (RIG) is tacking on 46 cents to $30.51, Schlumberger (SLB) is slipping 42 cents to $49.37 and Baker Hughes (BHI) is adding 13 cents to $36.72