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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 500.80
Bid: 500.70
Ask: 500.90
Change: -9.60 (-1.88%)
Spread: 0.20 (0.04%)
Open: 506.40
High: 515.30
Low: 499.60
Prev. Close: 510.40
BP. Live PriceLast checked at -

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Sector movers: Oil stocks under pressure as crude continues to slide

Mon, 08th Dec 2014 15:27

An on-going slide in the price of oil was weighing on the oil and gas sector again on Monday with crude prices falling to their lowest level in five years.West Texas Intermediate (WTI) futures for January delivery were down 2.4% at $64.27 a barrel by the afternoon in London, while Brent for January delivery was 2.9% lower at $67.07 a barrel.WTI was extending losses after reaching $65.84 on Friday, its lowest close since July 2009, while Brent dropped as low as $66.77 on Monday, its worst intra-day level since October 2009.Crude is still under pressure in the aftermath of a meeting last month of the Organization of Petroleum Exporting Countries (OPEC) at which members resisted calls to scale back output amid a supply glut.Morgan Stanley on Monday lowered its estimate for Brent crude next year from $98 to just $70 a barrel, saying: "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter of 2015."A number of heavyweight oil stocks were suffering losses in London including Shell, Tullow Oil, BG Group and BP. FTSE 250 peers Afren, Enquest and Ophir Energy were also out of favour.Oil equipment, services and distribution stocks were also feeling the impact on continuing concerns that producers will scale back or defer spending on their projects.In a research report last week, analysts at Barclays estimated that capital expenditure at oil companies across Europe will decline by 7%.Oilfield services peers Petrofac, Wood Group and Hunting were all trading with heavy losses.Top performing sectors so far todayTechnology Hardware & Equipment 1,157.16 +1.13%Insurance (non-life) 1,894.07 +0.12%Software & Computer Services 1,250.29 +0.04%Bottom performing sectors so far todayForestry & Paper 11,643.84 -1.91%Oil & Gas Producers 7,097.79 -1.91%Construction & Materials 4,075.97 -1.72%Food Producers & Processors 8,276.61 -1.70%Oil Equipment, Services & Distribution 16,888.17 -1.35%
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LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

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1 Feb 2024 12:22

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1 Feb 2024 10:06

New UK oil and gas exploration licences approved in the North Sea

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1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

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29 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

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29 Jan 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions

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LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

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Equinor, Orsted bid for better contract in NY offshore wind auction

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LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

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26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

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LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

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26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

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