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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 490.10
Bid: 490.05
Ask: 490.15
Change: -6.85 (-1.38%)
Spread: 0.10 (0.02%)
Open: 491.70
High: 492.10
Low: 485.55
Prev. Close: 496.95
BP. Live PriceLast checked at -

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U.S. cash crude differentials mixed as futures and arb seesaw

Fri, 17th May 2013 21:21

* Crude futures settle higher after choppy trade * Brent/U.S. crude spread remains less than $9/bbl NEW YORK, May 17 (Reuters) - Cash crude differentials in theUnited States were mixed on Friday in light trading as thetransatlantic spread between Brent and U.S. crude futuresseesawed, traders and brokers said. Dollar-denominated crude futures shrugged off the strongerdollar and pushed higher after choppy trading, supported bystrong U.S. economic data. Brent's July contract was in the front-month spot after theJune contract expired on Thursday. Brent's premium to U.S. crude ended at $8.35 abarrel based on July contract settlements. The spread tradedfrom $7.89 to $8.88 during Friday's session. The spread between the July contracts ended at $8.33 onThursday, but the spread between the June contracts ended at$8.64 a barrel. Front-month Brent's premium to its corresponding U.S. crudeended at $7.65 on Monday, the lowest the Brent premium has beenat settlement since Jan. 20, 2011, when it ended at $6.99. It fell to $7.20 during Tuesday's session, the lowest sinceNov. 17, 2011, when it fell to $5.58 intraday. CASH CRUDE TRADES In the U.S. cash crude market, Light Louisiana Sweet for June delivery traded at $10.80, $10.85, $10.90 over the U.S.June crude futures contract, also known by its crudegrade of West Texas Intermediate (WTI). WTI is the U.S. light, sweet crude contract's benchmarkgrade deliverable at Cushing, Oklahoma. Those LLS trades were a slightly stronger range thanThursday's trades at $10.70, $10.75 and $10.85 per barrel overthe benchmark. July LLS traded at $9.00, $9.30 and $9.35 over the benchmarkfutures. A Gulf of Mexico-produced grade, Mars sour , had Junebarrels traded at $4.70, $4.80 and $5.00 above the benchmarkfutures, weaker after trading on Thursday at $5.15 above thebenchmark. July barrels of Mars traded on Friday at $4.50 over thebenchmark. Eugene Island crude traded at $7.25 above thebenchmark futures, trading within the bid/offer spread pegged onThursday at $7.15-$7.50 over the benchmark. A 300,000-barrel cargo of Alaska North Slope crude for Junedelivery traded at $9.85 over the calendar month average of thefront-month U.S. crude contract, a weaker differential by 10cents than the previous cargo deal completed. MIDLAND GRADES West Texas Intermediate crude at Midland traded at 25and 30 cents over the benchmark futures, after trading onThursday at 30, 40 and 45 cents over. West Texas Sour crude, also at Midland, had buyers'bids seen at 25 cents over the benchmark, with sellers' offerspegged at 30 cents over. Thursday's WTS trades were completed at25 and 30 cents over the benchmark. Midland crude grades have had differentials above thebenchmark futures recently on support from expectations for, andthen last week's restart of, a crude distillation unit at ValeroEnergy Corp's McKee, Texas, refinery. Also supporting Midland differentials in recent weeks wereincreases in pipeline capacity from the West Texas region to theU.S. Gulf Coast's refineries, traders said. CRUDE FUTURES SETTLE HIGHER Brent July crude rose 86 cents, or 0.83 percent, tosettle at $104.64 a barrel, having traded from $103.35 to$104.87. Expiring Brent June crude settled and went off theboard on Thursday at $103.80 a barrel. On Friday, U.S. June crude rose 86 cents, or 0.90percent, to settle at $96.02 a barrel, having traded from $94.79to $96.49. The U.S. June contract expires May 21. U.S. July crude rose 84 cents to settle at $96.29 a barrel. (Reporting by Robert Gibbons; Editing by Peter Galloway)

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

Friday 9 February 
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Monday 12 February 
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Tuesday 13 February 
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Wednesday 14 February 
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Thursday 15 February 
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BP Marsh & Partners PLCex-dividend payment date
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6 Feb 2024 17:39

London close: Stocks manage gains as oil prices rise

(Sharecast News) - London's financial markets finished with a positive performance on Tuesday, driven by encouraging data from the UK construction sector and BP's share buyback expansion.

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6 Feb 2024 17:04

LONDON MARKET CLOSE: BP and Prudential help snap FTSE losing streak

(Alliance News) - Stock prices in London pushed higher on Tuesday, with the FTSE 100 registering its first rise in four trading days, with oil major BP the star performer.

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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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