Oil producers: Oil stocks fell on concern the shares had climbed too high. Hardman Resources Ltd. (HDR AU) slid 2 cents, or 0.9 percent, to A$2.17. Hardman was cut to ``neutral'' from ``outperform'' by Andrew Williams, an analyst at Credit Suisse First Boston. He cited the shares' gain of 20 percent since May 31 compared with a 4.9 percent increase in the S&P/ASX 200 Index. Woodside Petroleum Ltd. (WPL AU), Australia's second-biggest oil producer, fell 10 cents, or 0.3 percent, to A$29.30. Santos Ltd. (STO AU), the nation's third-biggest oil producer, slipped 34 cents, or 3 percent, to A$11.18. Both stocks reached records yesterday.
