Here's why the BP and Shell shares are falling in London this week

BP and Shell shares extended their declines, with BP down to 472p, about 22% below its year-to-date high, and Shell at 2,900p versus a 3,592p high. Both stocks are trading at their lowest levels since February 27, signaling weak momentum and cautious investor sentiment in the UK energy majors.

Analysis

BP and Shell shares extended their declines, with BP down to 472p, about 22% below its year-to-date high, and Shell at 2,900p versus a 3,592p high. Both stocks are trading at their lowest levels since February 27, signaling weak momentum and cautious investor sentiment in the UK energy majors.