CANADA STOCKS-TSX falls on oil data, fading Greek optimism

Wed Feb 8, 2012 1:00pm EST
 
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(Adds details, analyst's comments)

* TSX down 12.31 points, or 0.1 percent, at 12,500.11

* Energy shares weigh on index

* U.S. crude surplus hurts oil prices

* Greek deal optimism fades

* Canadian Jan housing starts beat expectations

By Jon Cook

TORONTO, Feb 8 (Reuters) - Canadian stocks were lower on Wednesday with energy shares taking a hit from a report that showed U.S. crude inventories rose last week and overall sentiment weakening as the outcome of Greek debt negotiations remained in flux.

Oil and gas shares fell after data from the U.S. Energy Information Administration showed oil inventories rose, which countered news of a large drop reported by industry body American Petropleum Institute (API) on Tuesday.   Continued...