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In this morning's session (July 19th), stock exchange traders saw the value of the energy group shares drop 5.1 per cent, as engineers found evidence of leaks under the ocean floor following the capping of the well last Tuesday, reports Reuters.
Speculator confidence was also affected by a slew of negative economic news, including poor US financial data and ratings institute Moody's downgrading Ireland's sovereign bonds.
BP jumped nine per cent last Monday and 3.4 per cent the following day as investor hopes rose for a successful end to the ecological disaster that began in April with the explosion of Deepwater Horizon.
This morning's performance was exacerbated by weakness among banking groups, as Barclays and Lloyds Banking Group fell 1.8 per cent and 1.6 per cent respectively.
Posted by Sara Secker
