The overall trend remains sluggish and the FTSE 100 lacks momentum. With this in mind, we don't have a strong view. Price is trapped within the 6255-6487 range, and a breakout is needed before we take a view on the price.
BP plc (ADR) (NYSE:BP) moved 0.52% up right now and is at $34.62. Stock is trading in the real-time trading session with the total volume of 1.93 million shares, as compared to its average volume of 6.48 million shares.
BP plc.'s (ADR) (NYSE:BP) proposal of oil exploration in the Great Australian Bight has been rejected by the country's offshore petroleum agency, the National Offshore Petroleum Safety and Environment Management Authority (NOPSEMA).
The Footsie pushed higher as the morning session progressed buoyed by strong gains from banking stocks after all the UK lenders passed the Bank of England's latest stress tests, with miners also rallying after China factory data provided some reassurance.
With the upcoming climatic change conference in Paris scheduled to start today, BP plc's (ADR) (NYSE: BP) CEO Bob Dudley has had his say on the issue, and discussed the role oil and gas companies can play in the transition to a low carbon future.