This CFD chart will provide users with a handy view of the BP share price.
The above chart from Plus 500 is usually based on the near-term BP futures contract (not the daily market).
If you'd like to analyse real time financial spread betting prices/charts for BP, you may require a spread betting account.
You can also use a spreads account to speculate on shorter term daily prices. Note that all such accounts are normally dependent on status, credit and suitability checks.
Should your new account be accepted then you can log in and check the real-time prices and charts. Usually, these will be free, however, you might receive an occasional letter and/or sales call from your chosen financial spread betting broker.
Of course, if you do decide to trade, remember that CFDs and spread trading do involve a high level of risk to your funds and it's possible to lose more than your initial investment.
Crude Oil Continues Rebound as Some Traders Call a Bottom
WTI has surged by 10% over the last two sessions, trading at $49.88 and targetting $50 per barrel as some predict that a bottom has been reached in the 7 month downtrend.
Oil major BP beat profit expectations despite taking a £3.6bn impairment charge, with the stock rallying 4% to 455p.
Update by David Papier, Sales Trader,
15-Jan-15
[2:17pm]
BP Should Sack the CEO and Cut the Dividend
With the energy sector starting to show serious signs of struggling, with major projects being cancelled, IG talk to Malcolm Graham-Wood about what he expects for the price of oil, global supply and demand and the future of OPEC.
Mr Graham-Wood also talks about BP's operations in the North Sea and questions the position of its CEO after several management mistakes including what he sees as an 'irresponsible' hike in the dividend.
Update by
03-Nov-14
[8:30am]
Will BP's Russian Links Help or Hinder the Firm?
The oil major remains one of the most heavily exposed to the Russian market, which brings both political risk and necessary access to the Arctic drilling regions.
In this quick update, IG discuss the outlook for the firm and its share price, particuarly as the price of crude oil continues to decline.
Update by
13-Nov-13
[8:03am] BP has signed a key oil trade deal with Rosneft (the Russian oil behemoth).
Rosneft said is plans to sell about £3.7bn ($6bn) worth of refined products to BP, establishing BP among its biggest buyers after years without any such deal.
Typical Elements that can Affect the BP Share Price
High crude oil trading prices should have helped BP.
However they have experienced operational problems such as damage to a North Sea pipeline as well as a fall in US Natural Gas prices and smaller margins on refining.
BP has still not recovered from the Texas City accident (2005). Delayed production units like its flagship projects Atlantis and Thunder Horse in the Gulf of Mexico have also helped dent the share price.
Having said that Tony Hayward suggested that 2007 Q4 revenues would improve with 250,000 barrels per days via Atlantis. The Texas City refinery should be fully operational by the New Year but it's not known when it will be at full capacity.
Whilst charting software and packages tend to differ between firms, in order to assist you with your technical analysis, they generally have user friendly features and tools that include:
A broad variety of time periods, for example, 2 minutes, 1 hour, 1 week and so on
Different chart types, for example, line charts and candlestick charts
Tools for adding features, for example, Fibonacci retracements and trendlines
Investing in the markets is not without its risks. However, if you want to try a Practice Account (free), where you can trial financial spread betting on a broad range of markets, please see below for further details.
When thinking about which trading option is right for you, also remember that, in the UK, spread trading is tax free*, i.e. it is exempt from income tax, capital gains tax and stamp duty.
Assuming you want a free online spread trading platform then note that you can trade BP without having to pay any brokers' fees through firms like:
If you are interested in a virtual money Demo Account / Practice Account where you are able to get to grips with financial spread betting, and markets like BP, then you could look at:
The above spread betting companies currently provide a free Practice Account that allows users to analyse charts, apply orders and try out trading strategies.
How to Spread Bet on BP?
If you decide to invest in firms like BP then one possibility is to spread trade on the BP share price.
Looking at a financial spread betting platform like capital spreads, you can see they are currently pricing the BP Rolling Daily market at 446.7p - 447.3p. This means you can put a spread bet on the BP shares:
Moving higher than 447.3p, or Moving lower than 446.7p
Whilst financial spread trading on FTSE 350 equities you trade in £x per penny. As a result, if you choose to have a stake of £2 per penny and the BP shares move 28p then that would change your bottom line by £56. £2 per penny x 28p = £56.
Rolling Daily Equities Markets
Note that this is a Rolling Daily Market and therefore there is no predetermined settlement date for this market. If you leave your position open at the end of the day, it just rolls over to the next day.
If you allow your position to roll over and are spread betting on the market to:
Move up - then you are charged a small overnight financing fee, or Move down - then a small payment is often credited to your account
So, if you continue with the spread of 446.7p - 447.3p and make the assumptions that:
You have analysed the equities market, and
Your research suggests that the BP share price looks like it will go above 447.3p
Then you could decide to go long of the market at 447.3p and risk, let’s say, £5 per penny.
This means that you win £5 for every penny that the BP shares rise higher than 447.3p. However, such a bet also means that you will make a loss of £5 for every penny that the BP market decreases below 447.3p.
Thinking of this in a slightly different way, if you were to ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the final price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.
Therefore, if after a few trading sessions the share price rose then you might consider closing your spread bet in order to guarantee your profit.
Taking this a step further, if the market rose then the spread, determined by the spread betting firm, could change to 468.6p - 469.2p. You would settle/close your trade by selling at 468.6p. Therefore, with the same £5 stake this trade would result in a profit of:
P&L = (Final Level - Initial Level) x stake
P&L = (468.6p - 447.3p) x £5 per penny stake
P&L = 21.3p x £5 per penny stake
P&L = £106.50 profit
Trading equities, by spread trading or otherwise, is not always easy. With this example, you had bet that the share price would increase. Naturally, it could fall.
If the BP shares had fallen then you could choose to close your trade in order to limit your losses.
So if the spread pulled back to 422.7p - 423.3p then you would settle/close your trade by selling at 422.7p. So your loss would be calculated as:
P&L = (Final Level - Initial Level) x stake
P&L = (422.7p - 447.3p) x £5 per penny stake
P&L = -24.6p x £5 per penny stake
P&L = -£123.00 loss
Note - BP Rolling Daily market correct as of 17-Oct-12.
'Spread Betting on BP' edited by Jacob Wood, updated 03-Oct-17
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Spread Betting on BP
BP spread betting and trading guide with live LON:BP share prices and charts. Plus, daily updates, broker recommendations, where to spread bet on the UK shares tax-free* and commission-free, how to trade... » read from top.
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The shares are currently trading higher than the 20 day MA of 467.4p and higher than the 50 day MA of 456.7p.
1 Day Change: Down 
Moving higher than 447.3p, or
Moving lower than 446.7p
