Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 460.00
Bid: 459.60
Ask: 459.80
Change: 0.00 (0.00%)
Spread: 0.20 (0.044%)
Open: 460.30
High: 463.35
Low: 458.30
Prev. Close: 460.00
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Most U.S. cash crude differentials weaker as arbitrage narrows

Mon, 10th Jun 2013 21:45

* Crude futures settle lower, weak China data pressures * Brent/U.S. crude spread narrows after seesawing NEW YORK, June 10 (Reuters) - Most cash crude differentialsin the United States weakened on Monday as oil futures eased andthe trans-Atlantic spread between Brent and U.S. crude futuresnarrowed, traders and brokers said. Crude futures settled lower in lackluster trading as datapointing to slower economic growth and weaker oil demand inChina weighed on oil prices and offset any bullish effectstemming from concerns about geopolitical risks to supply. Brent's premium to U.S. crude ended at $8.18 abarrel based on July contract settlements, after ending at $8.53on Friday. The spread traded from $7.95 to $8.74 on Monday. It was aswide as $9.24 on Friday. The spread has narrowed after reaching$10.01 intraday last Wednesday. Usually, the wider the arbitrage, the more supportive forU.S. cash crude differentials, while a narrower spread oftenpressures differentials. This holds especially true for sweetgrades that are priced in line with global waterborne crudessuch as Brent. CASH CRUDE TRADES Light Louisiana sweet for July delivery traded from$9.00 to $9.40 over the U.S. July crude futures, alsoknown as West Texas Intermediate (WTI), which is the U.S. light,sweet crude contract's benchmark grade deliverable at theCushing, Oklahoma, hub. Most of those trades were completed at weaker differentialsafter Friday's trades at $9.25 and $9.60 over the benchmark. August barrels of LLS traded on Monday at $8.30 and $8.40over the benchmark, weaker after Friday's trade completed at$8.60 over. Mars sour , a Gulf of Mexico-produced grade, traded at$3.90, $4.10 and $4.20 over the benchmark futures, weaker afterFriday's trade seen at $4.50 over the benchmark. Mars barrels for August traded at $3.25 over and Septemberbarrels traded at $2.80 over the benchmark. Eugene Island crude traded at $6.20, $6.25 and $6.30over the benchmark, weaker after Friday's trade at $6.90 overthe benchmark. Bakken crude at the Clearbrook, Minnesota, hub hadbids pegged at $2.00 under and offers from buyers at $4.75 overthe benchmark futures, after the grade traded on Friday at $1.25under the benchmark. Offers from Bakken sellers strengthened on news on Mondaythat a coker at Syncrude Canada Ltd's northern Alberta oil sandsproject will be shut for maintenance for the next 50 days. MIDLAND GRADES West Texas Intermediate crude at Midland traded at 5cents under the futures benchmark, strengthening slightly aftertrading on Friday at 10 cents under the futures benchmark. West Texas Sour crude, also at Midland, traded atflat to the benchmark. The trade put the differential betweenFriday's bids seen at 10 cents under and offers pegged at 10cents over the benchmark. Midland grades were supported by Sunday's news that ExxonMobil Corp's 238,600-barrel per day (bpd) Joliet,Illinois, refinery was returning to normal operations after atwo-month overhaul. The Joliet return and BP Plc's announced intention to startup an upgraded crude distillation unit at its Whiting, Indiana,refinery by the end of June have raised expectations that morecrude oil that might be sent into storage at the Cushing,Oklahoma, hub will be needed by refiners. CRUDE FUTURES Brent July crude fell 61 cents, or 0.58 percent, tosettle at $103.95 a barrel, having traded from $103.66 to$104.76. U.S. July crude fell 26 cents, or 0.27 percent, tosettle at $95.77 a barrel, having traded from $95.19 to $96.25. (Reporting by Robert Gibbons; editing by Andrew Hay)

More News
17 Apr 2024 13:55

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate targets.

Read more
17 Apr 2024 10:38

Carbon Done Right advances Sierra Leone rewilding project

(Alliance News) - Carbon Done Right Developments Inc on Wednesday said it has received the fourth disbursement of financing for its reforestation project in West Africa.

Read more
15 Apr 2024 17:10

LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

Read more
15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

Read more
15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

Read more
13 Apr 2024 16:52

Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

Read more
12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

*

Read more
12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

Read more
12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

Read more
12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

Read more
12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

Read more
12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.