BP’s share price recently rallied thanks to the company’s booming second quarter earnings.
Equity markets are higher across the board as European traders picked up the bullish baton from their counterparts in Asia overnight, and the optimistic mood is doing the rounds in the US too.
An absence of major news has led to a lacklustre trading session. The move in BP sums up the London session as shares in the oil titan hit a two-year high because the company confirmed that yearly profit hit $12.8 billion, its highest mark in eights years.
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