ADR’s see fall in New York on oil prices


Shares in foreign companies that trade on US stock exchanges were down as a whole again on Friday as the Bank of New Yorka��s index of leading ADRs fell 0.41 percent.

Crude oil prices were up and down in early trading and remained at about Thursdaya��s closing level, and shares in oil companies were down as investors waited to see what effect Hurricane Katrina would have on oil producing areas.

Royal Dutch Shell Plc fell almost 1 percent to $63.03, while French oil company Total lost more than 1 percent to $126.60. China Petroleum was down to $44.86 and Petrobras was down by 1.8 percent to $57.59.

An exception to the declines in the oil sector was Australian gas and oil company Santos Ltd., which gained over 3 percent to $35, a tripling of its first-half profit on higher oil prices and increased production.

In the mining sector, Anglo-Dutch company Corus Group Plc gained almost 4 percent to $8.44 on doubled first-half earnings.

The index of leading European ADRs fell by 0.48 percent, while leading Asian ADRs fell 0.08 percent and leading Latin American ADRs were down 0.72 percent.

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