The stock is down another 1% at $41.45. Word of caution: That's 1/2 the decline of the DJIA or S&P 500 today.
From Economic Policy Journal:
EconomicPolicyJournal.com has learned that non-BP energy traders are beginning to put BP energy traders on "Clearport only" status. Translated: Traders are nervous about BP's ability to pay. They are no longer willing to extend credit for bilateral derivatives transactions to BP; all trades must be submitted to the Chicago Mercantie Exchange for clearing....MORE