Why Oil Prices Are Stuck in the Mud — ICYMI [TheStreet.com]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
Check Earnings Report
US:NYSE Investor Relations:
bp.com/en/global/corporate/investors.html
Company Research
Source: TheStreet.com
Investors are looking ahead towards the eventual end of the coronavirus and a return to economic growth. And OPEC has cut oil production. But oil prices have given back their recent gains.One might think that, as the S&P 500 had fallen 34% from its all-time high and then rebounded 30% from its 2020 low, oil might follow the same path. Crude oil, down about 66% year-to-date, hit a 2020 low of $20 per barrel in late March, as the coronavirus decimated oil demand and OPEC struggled to come to terms on an agreement to limit production because Saudi Arabia and Russia refused to end their competitive price war.When news broke that OPEC was meeting and progressing towards a production cut agreement, crude oil rose 40% to $28.34 from its 2020 low. It has completely given up that gain, driven by an 8% down day Thursday.OPEC agreed to cut oil productionThree main drivers are at play, one of which is long-term. The market had already priced in an agreement between OPEC members, which is why the
Show less
Read more
Impact Snapshot
Event Time:
BP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BP alerts
High impacting BP p.l.c. news events
Weekly update
A roundup of the hottest topics
BP
News
- High-impact oil and gas exploration could cut global scope 1 and 2 emissions by 6% in 2030 [Yahoo! Finance]Yahoo! Finance
- The big British book prize and the battle against righteous protest [Yahoo! Finance]Yahoo! Finance
- BP Wins Exploration Rights for Shallow Water Block Offshore Trinidad [Yahoo! Finance]Yahoo! Finance
- Equatic Announces New Leadership Appointments as it Advances Toward Gigaton-Scale Carbon Removal [Yahoo! Finance]Yahoo! Finance
- UK Blue Chip Laggards Among Top Bets for Fund Manager Invesco [Yahoo! Finance]Yahoo! Finance
BP
Earnings
- 10/30/24 - Beat
BP
Sec Filings
- 11/21/24 - Form FWP
- 11/18/24 - Form 6-K
- 11/14/24 - Form FWP
- BP's page on the SEC website