NEW YORK (

TheStreet

) -- Shares of

BP

(BP) - Get Report

were rising almost 5% in London on a report that

Royal Dutch Shell

(RDS.A)

was interested in a takeover of the British oil company.

The

Daily Mail

said Shell considered making a bid for BP after BP shares were battered during the Gulf of Mexico oil crisis.

Shell still remains interested in a merger, the

Daily Mail

reports.

BP shares rose 4.9% to 4.88 pence in London.

Shell couldn't immediately be reached by phone for comment, the

Associated Press

reports. BP spokesman Mark Salt declined to comment for the

AP

.

-- Written by Joseph Woelfel

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Joseph Woelfel

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