The price of oil rose on rumours that Russia and Saudi Arabia might agree a deal to cut output, but in the end we got something less sensational. Does such shenanigans do anything for a giant like BP (LSE: BP)?

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Owain Bennallack owns shares in BP. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.