THE impact of Brent Crude's latest price surge today left BP shares 16% higher over the week as the oil sector offset losses elsewhere in the FTSE 100 index.
The London-based energy giant, whose shares jumped 8% on Tuesday after it declared a bigger-than-expected dividend and share buyback, added another 3% or 16.7p to 562.4p alongside a rise of 34.5p to 2500.5p for rival Shell.
Their gains followed a 2.5% rise in Brent Crude futures to $86.57 after Russia announced plans to cut March production by 500,000 barrels a day, or around 5% of output, in response to the West's price cap on its oil.
Diese Geschichte stammt aus der February 10, 2023-Ausgabe von Evening Standard.
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