BP Stock Jumps 2% Before Q2 Update — The Cash Test Behind Its Shell Catch-Up
BP PLC rose 2.1% to 492.85 pence by 0948 BST on Monday, beating a 0.9% rise in Shell PLC to 3,066.5 pence as fresh U.S.-Iran attacks lifted crude. Brent had topped $79.70 before easing to $78.75. “Hormuz is the market’s pressure point,” Tickmill analyst Patrick Munnelly said.