BP Stock Price Falls 4% as Oil Drops Below $100, Blunting Refinery-Sale Bounce
BP shares fell 4.2% to 538.6 pence in London on Monday after Brent crude dropped 10.9% to $99.94 a barrel, following President Trump’s decision to delay strikes on Iranian power plants. Shell also lost 4.2%. BP faces a labor dispute at its Whiting refinery in Indiana, where nearly 800 workers were locked out, but the company says production remains unaffected.