BUZZ--BP: market cheers lower fine for Gulf spill

Fri, 16th Jan 2015 09:05

** BP top riser on a weak FTSE 100, up 2.5pct as market takes maximum 13.7 bln US dollar fine for Gulf ofMexico spill as slight positive, according to two London-basedtraders

** Statement from the oil major says it expects fine to beat the lower end of the range (previous estimates as high as 18bln USD)

** Second day of gains with a firmer oil price also seen as positive

** Stock down 23.5 pct since mid-June

** Broader FTSE 100 index down 0.4 pct

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

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