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BP profit rises as surging oil prices drive outlook for shares

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Sig2.30Sen+2.60Env0.00Soc0.00Gov0.00

Crude oil prices are surging amid escalating Middle East tensions, with energy stocks in an upward trend. BP’s profit increased to over $3.9 billion in the second quarter and $7.75 billion in the first half, linked to higher oil prices. Technicals and fundamentals suggest BP shares could keep rising toward the 594p resistance level.

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