Cancelled Sales: BP plc (LON: BP), 3M Company (NYSE: MMM) and Coca-Cola Company (NYSE: KO) climb

Oil prices help BP plc (LON: BP) climb higher

In brief: Possible shortage of petroleum products has led investors to look at the new BP plc (LON: BP) shares. BP plc (LON: BP) continues to trade in the green zone, despite the company's problems.

BP plc (LON: BP) becomes attractive investment once again, following a string of failed trades and numerous scandals. BP plc (LON: BP) shares are rising to 393.65 points, gained +5.30 (1.36%) at the very beginning.

Main reason for the growth of BP plc shares were rumors, that OPEC is going to reduce oil production in the foreseeable future. Rumors seem to be something unreal, but unconfirmed information sometimes is better than any official statements. In addition, 3M Company (NYSE: MMM) and The Coca-Cola Company (NYSE: KO) shares are gaining in price in early trading, supporting the Dow index.

Igor Tringlers
2010-08-23 14:11, Economics.

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One comment к “Cancelled Sales: BP plc (LON: BP), 3M Company (NYSE: MMM) and Coca-Cola Company (NYSE: KO) climb”

  1. Ervin Raab Says:

    For long-term investment, I believe Oil is a BUY.

    Ervin Raab

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