Shares Of BP Under Pressure As Word Of New US Sanctions Weigh

BP

shares remain firmly in the red Thursday, after taking an early hit from the latest round of U.S. sanctions against Russia. The sanctions are geared to hit Rosneft, a Russian oil firm of which BP owns about 20 percent, and and are geared to restrict the Russian oil giant from accessing U.S. financing sources. Shares of BP on the NYSE last traded at $51.01, down nearly 2.5 percent from Wednesday's close.