CANADA STOCKS-TSX declines as oil prices drag down energy sector

* TSX down 92.02 points, or 0.6 percent, at 15,172.62

* All of TSX’s 10 main groups trade lower
(Adds details, share prices)

TORONTO, July 21 (Reuters) – Canada’s main stock index fell
on Friday as weakness in oil prices weighed on energy-sector
shares, offsetting a gain in gold miners.

Oil prices dropped on Friday after a report from consultancy
Petro-Logistics predicted higher OPEC production for July,
renewing fears of oversupply in the market.

Canadian Natural Resources Ltd shed 2.4 percent to
C$37.25, and Suncor Energy Inc fell 0.6 percent to
C$38.58.

However, shares of Encana advanced 1.7 percent to C$12.38
after the natural gas producer reported a quarterly profit that
topped expectations.

The Toronto Stock Exchange’s S&P/TSX composite index
was down 92.02 points, or 0.6 percent, at 15,172.62.
All of the ten main sectors on the index were in the red.

The gold mining sub-index was up 0.2 percent, helped by
strength in bullion prices. Goldcorp Inc added 0.1
percent to C$17.16.

The broader materials sector was still down 0.3 percent.
(Reporting by John Tilak; Editing by Jeffrey Benkoe and
Meredith Mazzilli)


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