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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 462.70
Bid: 463.15
Ask: 463.25
Change: -0.45 (-0.10%)
Spread: 0.10 (0.022%)
Open: 463.35
High: 467.20
Low: 460.40
Prev. Close: 463.15
BP. Live PriceLast checked at -

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Markets snapshot: Oil wreck, bear stocks, rouble trouble

Mon, 09th Mar 2020 09:58

LONDON, March 9 (Reuters) - A massive oil price collapse
overnight and the fast-spreading coronavirus has led to wild
price swings across global financial markets on Monday, with
some moves as great as 25%.

Those moves came as Saudi Arabia launched a price war with
Russia, sending investors already panicked by the coronavirus
fleeing for safety.

When was the last time oil giants such as BP and
Shell shed one-fourth of their value? Never.

The list below highlights some of the biggest price moves
and their significance:

** Brent crude fell as much as 31.4%, the biggest
daily drop since the first Gulf War

** The yield on 10-year U.S. Treasuries fell
further to a record low of 0.4624%, having halved in just three
sessions

** With swings in yield, markets are now fully pricing in a
rate cut of 75 basis points by the Federal Reserve on March 18

** The 10-year Bund yield fell to a record low of -0.863%

** U.S. stock futures plunged 5% to hit their daily down
limit and halt trading

** London's FTSE 100 shed 8.4% a few minutes after
the open in its worst single-day drop since the financial crisis

** London-listed Shell plunged 23% and BP 29% in their
worst-ever intraday rout

** The Russian rouble is down over 8%, on track for its
worst drop since December 2014, also when oil prices plunged

** The dollar extended its slide in Asia to as low as 102.60
yen, depths not seen since late 2016

** Emerging-market stocks dropped over 4% and the
world's biggest listed entity, Saudi Aramco, traded
below its IPO price for the first time
(Reporting by Thyagaraju Adinarayan and additional reporting by
Marc Jones in London; editing by Larry King)

More News
9 Nov 2023 08:57

LONDON MARKET OPEN: FTSE 100 kicks off day with cautious gain

(Alliance News) - London's FTSE 100 struggled for direction early Thursday, with a mixed slate of corporate updates, US interest rate worries and underwhelming China data preventing it from making more confident progress in early trade.

Read more
7 Nov 2023 16:58

LONDON MARKET CLOSE: FTSE 100 held back by miners and oil firms

(Alliance News) - The FTSE 100 in London closed slightly lower on Tuesday, as miners and oil firms continued to drag down the index throughout the day.

Read more
7 Nov 2023 12:07

LONDON MARKET MIDDAY: Housebuilders and retail up, miners and oil down

(Alliance News) - European equities were mixed heading into Tuesday afternoon, with weaker China data and doubts over the US interest rate outlook weighing on the mood.

Read more
7 Nov 2023 08:53

LONDON MARKET OPEN: AB Foods and Frasers rise on buybacks; RS slumps

(Alliance News) - A subdued start to the week for European equities continued on Tuesday, with hawkish words from a US central banker supporting the dollar and making some rethink their interest rate outlook for the Federal Reserve.

Read more
6 Nov 2023 10:24

Kosmos Energy to operate Yakaar-Teranga gas discovery amid BP exit

(Alliance News) - Kosmos Energy Ltd on Monday said it has increased its working interest in the Yakaar-Teranga discovery to 90%, consequently assuming operatorship, and reported a rise in its quarterly revenue.

Read more
3 Nov 2023 17:01

LONDON MARKET CLOSE: Stocks end week mixed on soft US employment data

(Alliance News) - Stock prices in London closed mixed on Friday, as some soft US data seemingly confirmed that the central banks are done with interest rate hikes, at least for now.

Read more
2 Nov 2023 10:19

Berenberg ups BP target but sees greater upside elsewhere

(Sharecast News) - Berenberg has lifted its target price for oil titan BP after this week's third-quarter results, but kept a 'hold' rating, saying it sees more attractive investments elsewhere in the sector.

Read more
2 Nov 2023 10:14

LONDON BROKER RATINGS: Bank of America starts Unite Group with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
2 Nov 2023 07:43

LONDON BRIEFING: Shell launches USD3.5 billion share buyback

(Alliance News) - Stocks in London are expected to rise on Thursday, following the interest rate decision in the US, with all eyes now on the Bank of England.

Read more
1 Nov 2023 16:35

London close: Stocks rise ahead of US Fed policy decision

(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.

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1 Nov 2023 12:10

JPMorgan Cazenove downgrades BP to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded BP on Wednesday to 'underweight' from 'neutral' and cut the price target to 550p from 615p.

Read more
1 Nov 2023 11:39

LONDON MARKET MIDDAY: Stocks lower in cautious trade before Fed rate

(Alliance News) - Stock prices in London were lower at midday Wednesday, as investors eye two key interest rates from the US Federal Reserve and the Bank of England.

Read more
1 Nov 2023 09:36

LONDON BROKER RATINGS: Goldman says 'sell' Segro; JPMorgan cuts BP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
1 Nov 2023 07:40

LONDON BRIEFING: GSK raises annual guidance following Arexvy launch

(Alliance News) - Stocks in London are called higher on Wednesday, with the main focal point for the day being the upcoming US interest rate decision.

Read more
31 Oct 2023 16:59

LONDON MARKET CLOSE: FTSE 100 returns early progress as BP disappoints

(Alliance News) - London-listed blue-chips faded after a bright start with falls in oil majors, and index heavyweights, BP and Shell dragging the FTSE 100 lower.

Read more

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