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Stock impact report

Oil Drops From Two-Month High Amid Signs of Weak Asian Demand [Yahoo! Finance Canada]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Most Read from Bloomberg West Texas Intermediate slid 0.2% to below $84 a barrel after closing at the highest settlement price since mid-April on Wednesday. Brent crude also edged lower on Thursday. Volumes are likely to be thin on Thursday due to a US holiday. ADVERTISEMENT Saudi Aramco will reduce the price of its flagship Arab Light crude by 60 cents a barrel to $1.80 a barrel above the regional benchmark for shipment in August. Traders and refiners expected Aramco to lower the official selling price by 90 cents, according to a survey. Still, crude's declines were limited by a drop of more than 12 million barrels in US crude inventories last week, the biggest decline in almost a year. Hurricane Beryl, meanwhile, is disrupting US oil output, with companies including Shell Plc, BP Plc and Exxon Mobil Corp. evacuating some of their platforms in the Gulf of Mexico. Crude has risen more than 14% from its recent lows in early June on OPEC+ supply constraints, expectations for Show less Read more
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