BP shares fell, fuel oil price rise

Obama will visit the Central Gulf Coast -- Alabama, Mississippi and Florida -- on Monday and Tuesday. Here is an open letter written by the president and addressed to the people of the Gulf Coast states affected by the ongoing oil spill originating from the broken Deepwater Horizon offshore well.

The research house said this meant crude futures for delivery in 2018 looked cheap. "Oil will be slower on-stream, more expensive to produce, it will be more politicised and there will be less of it," the analysts said. "Those are factors that make us look at the current back of the oil curve and see it as undervalued at current levels of a shade below $100."