BP stock jumps on oil surge and buyback update — what to watch next
BP shares rose 2.39% to 425.6 pence Friday as oil prices spiked on supply concerns tied to Iran and Venezuela. Brent crude settled up 2.18% at $63.34 a barrel. BP continued share buybacks, purchasing over 3.1 million shares on Jan. 9. The company’s next trading update is set for Jan. 14.