Oil Rises With Mideast Tension to the Fore as Truce Talks Falter [Financial Post (Toronto, Ontario, Canada)]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Oil advanced for a second day on tensions in the Middle East, with Israel rejecting a cease-fire proposal for the Gaza Strip, and a risk-on mood that helped lift wider financial markets. Global benchmark Brent rose toward $84 a barrel after a 0.5% gain on Monday, while West Texas Intermediate was near $79. Israel's war cabinet unanimously rejected a cease-fire proposal agreed to by Hamas. The Jewish state has vowed to continue military operations in Rafah, a major Gazan city. Article content Article content Crude's advance came as Asian stocks pushed higher on Tuesday on optimism the Federal Reserve will start cutting interest rates this year. Lower US borrowing costs should be a plus for the nation's energy demand. Oil is clawing back some ground after posting its worst weekly drop since February. Prices remain higher year-to-date as OPEC+ pr
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BP
Earnings
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BP
Sec Filings
- 5/17/24 - Form 6-K
- 5/16/24 - Form FWP
- 5/9/24 - Form 13F-HR
- BP's page on the SEC website