1321 GMT [Dow Jones] CDS levels for troubled oil giant BP PLC start 25BP improved at 440BP, according to CMA Datvision. Shares for BP climbed 6.4% in premarket trade after the company said it won't issue new shares to fund Gulf clean-up costs. CDS for BP has fallen four consecutive trading sessions after reaching a near-record high of 607BP June 29, according to data from Markit. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166; [email protected] (END) Dow Jones Newswires July 06, 2010 09:22 ET (13:22 GMT)