Europe shares fall, led by miners; all eyes on Citi

* FTSEurofirst 300 falls 0.4 percent

* Oils and miners lead losers; banks recover

* Citigroup results in focus after mixed signals on banks

By Sitaraman Shankar

LONDON, July 18 (Reuters) - European shares slipped on Friday, weighed down by commodity stocks, while banks recovered ahead of key results from Citigroup (C.N: Quote, Profile, Research). By 0839 GMT, the FTSEurofirst 300 fell 0.4 percent to 1,141.38 points, but was on track to eke out a gain of 1.4 percent for the week thanks to a jump on Thursday.

Lower metal prices and a cooling off in crude took heavyweight mining and oil stocks lower.

Eurasian (ENRC.L: Quote, Profile, Research), Xstrata (XTA.L: Quote, Profile, Research), Rio Tinto (RIO.L: Quote, Profile, Research), Anglo American (AAL.L: Quote, Profile, Research) and BHP Billiton (BLT.L: Quote, Profile, Research) lost 3-6 percent as copper futures <MCU3=LX> fell 0.7 percent and gold <XAU=> traded lower.

Oil inched up to nearly $131 a barrel but was still off nearly 10 percent this week, and energy shares Total (TOTF.PA: Quote, Profile, Research), Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and BP (BP.L: Quote, Profile, Research) were down 0.2-0.5 percent.