BP stock dips in London as oil cools; buyback and Venezuela gas talks in focus
BP shares fell 1.2% to 457.0 pence in early London trade Friday as oil prices retreated from Thursday’s Middle East-driven surge. Brent crude dropped $1.10 to $69.61 a barrel by 0707 GMT. BP bought nearly 2.8 million shares Thursday under its buyback program. Investors are watching for BP’s Feb. 10 earnings and any update on cash returns.