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Stock impact report

Geopolitics Lifts Oil Prices in Thin Holiday Trading [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The festive Christmas lull in oil trading saw oil prices post a weekly gain as geopolitical tensions helped push ICE Brent above the $62 per barrel mark. Venezuela and the potential choking of its heavy crude production remains the No. 1 topic, however the U.S.' Boxing Day strikes on Nigeria could open up a new front of bullishness. US Continues to Hunt Down Venezuela Tankers. The White House has ordered US military forces around Venezuela to 'quarantine' Venezuelan oil for at least the next two months, just as the US Coast Guard lamented that it lacks forces to enforce a full blockade after a botched seizure of Bella 1. China Issues 1 st Batch of Product Quotas . China's Commerce Ministry has issued 19 million tonnes worth of refined product export quotas, simultaneously to quotas for 8 million tonnes of very low-sulphur marine fuel, keeping volumes flat year-on-year as Beijing prioritizes domestic consumption. Japanese Refiners Eye Singapore Expansion. Japan's top refiner Ene Show less Read more
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