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BUZZ-Oil producers and service providers: pain again

Fri, 14th Aug 2015 07:20

** Oil producers and oilfield service providers down as U.S.crude oil prices fell below $42 a barrel after new build in U.S.stockpiles put global glut back in focus

** U.S. crude last down 16 cents at $42.07 a barrel.Brent futures were trading at $49.33 barrel

** Oil support services down 0.5-1 pct, Tullow Oil down 0.3 pct, BG down 0.2 pct, Royal Dutch Shell falls 0.6 pct and BP drops 1 pct

** Oil services company Petrofac falls 1 pct whileAmec Foster Wheeler sheds 1.1 pct

** Stoxx 600 Oil & Gas index falls 0.7 pct withSeadrill down 2.7 pct and among the heaviest declinersacross major European shares (RM: aastha.agnihotri.thomsonreuters.com@reuters.net)

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