0859 GMT [Dow Jones] BP (BP.LN) +7.9% at 366, at the top of the FTSE 100 after the company agreed to set up a $20B escrow account to pay for claims related to the oil spill and suspend its dividend. "On the whole, these developments are a positive for BP as they add some certainty to a situation that was spiralling out of control," says Dolmen Securities. Meanwhile, Evolution Securities notes that while the package does not cap BP's liabilities or cover fines and penalties, it does clarify how BP will settle legitimate claims and clean-up costs. "Even if the final cost totals $40B and BP is liable for 100%, the shares look oversold," says Evolution. "The fundamental point I take away is that the US government does not want to bankrupt BP," says a trader. The sees the notion of keeping BP "a viable option," as having been echoed by George Osborne Thursday. (michele.maatouk@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 17, 2010 04:59 ET (08:59 GMT)