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BP profits surge to £3.6bn on oil price rise

OIL giant BP has seen its profits more than double to $5.6bn (£3.6bn) in the first three months of the year.

Rising oil prices have helped to fuel the jump which is equivalent to 135 per cent on the same quarter last year.

Oil prices averaged $76 a barrel in the first three months of 2010.

That compares with an average of $41 a barrel a year ago.