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BP PLC (BP)

London
Currency in GBP
Disclaimer
509.20
-3.20(-0.63%)
Real-time Data

BP Price Commentary

Why is this falling on a day when oil is rising so strongly?
fundamentals Oil Slump Sees Moody’s Slap BP, Equinor And Total With ‘Negative’ Outlooks
because oil rising in future markets does not represent oil sale price rising between producer and buyer now. Future buyers are full of optimism that a deal will be struck at the Opec meeting Monday and they are making bets that it will rise, so the price increases. If a deal is agreed Monday to cut output then this share will rise, if a deal is not agreed then future oil price will tank.
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