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BP shares up on preliminary success on leak

BP shares up on preliminary success on leak

Shares in BP have opened 5.5 percent higher in London after the company reported encouraging early signs of progress in stopping the Gulf of Mexico oil leak.
BP shares rose to 424 pence ($6.54) on the London Stock Exchange early Friday. The oil company's shares have risen by more than a third since hitting a low of about 300 pence in late June.
BP said it had stopped the leak Thursday night, but that was only the start of up to 48 hours of tests to determine whether the cap will hold.


Updated : 2021-05-08 19:39 GMT+08:00