BP Rises After Shell Is Said to Study Merits of an Acquisition
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BP Plc rose on Monday after Bloomberg reported that Shell Plc is working with advisers to evaluate a potential acquisition of its UK rival.
BP’s American depositary receipts climbed 1.9% to $28.64 at 9:33 a.m. in New York. The London Stock Exchange is closed Monday due to a bank holiday. Other major US-listed oil producers fell, tracking lower crude prices.