Time to get involved?
BP marks first production at Clair Ridge in West Shetland, North Sea
- The chart shows BP share price movements since July.
- The current share price is 527p (at time of writing).
- Shares -12.9% from 2018 highs; +16.1% from 2018 lows; +0.8% year-to-date
- BP marks first production at Clair Ridge (48.1% interest) in North Sea, it’s sixth new upstream project brought on-line this year, targetting 640m barrels with peak production of 120K/day.
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading BP– An Example
Let’s say you think that BP is likely to rise as a result of today’s news. You decide to buy exposure to £10,000 worth of BP using a CFD, at the current price of 527p. To do this, you need £2,000.
For the purpose of this example, let’s assume the BP share price rises by 10% following the news. Your profit would be £1,000, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. BP shares fall back 3% and hits your stop-loss. Your loss would be £300
This is provided for information purposes only. It should not be taken as a recommendation.