BP slips as oil drop weighs on UK energy names, even after RBC backs stock
BP shares fell 4.38% to 521.40p in London as oil prices slid on renewed US-Iran peace hopes. Brent crude dropped as much as 3.7% to $87.07 a barrel. BP underperformed the STOXX 600, which rose 1.2% with energy the only sector in decline. RBC maintained an “Outperform” rating on BP with a 700p target.
