Jul 1, 2010 — BP (BP) is in talks to raise about billion in short-term loans from banks to help finance liabilities arising from the oil spill in the Gulf of Mexico, the Financial Times reported Thursday. By the end of last week BP had already raised around billion in cash and credit to tackle costs from the spill, according to the report. Shares are up 1.7% in London trading. Shares are steady, up 1%, in US pre-market trading.