MARKET TALK: BP Down After Judge Strikes Down Drilling Ban

22nd Jun 2010 20:16

[Dow Jones] Shares of BP PLC (BP, BP.LN) were trading down 65 cents, or 2.14%, at $29.68 Tuesday afternoon, following news that a federal judge has struck down the U.S. government's ban on deepwater drilling. BP declined to comment on the judge's actions. The company's stock was already down Tuesday in both the U.S. and London as investors continue to fret about the oil giant's liabilities as oil from its well continues to spew into the U.S. Gulf of Mexico.(Susan Daker, 713-314-9208, [email protected]) (END) Dow Jones Newswires June 22, 2010 15:16 ET (19:16 GMT)