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Shares of BP plc (NYSE ADR: BP) dipped early this morning on news that a federal judge rejected the company's bid to reduce the maximum civil fine it may face over the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. BP could be fined $13.7 billion under the nation's Clean Water Act. The company attempted to reduce its liability to $9.57 billion, or a maximum of $3,000 per barrel spilled. The judge has still not decided how much BP must pay. By 9 a.m. ET, shares had recovered to 0.32% pre-market.