BP & Shell should be big winners from the big OPEC deal

VIDEO: One Fool looks at the beneficiaries from OPEC’s decision to cut oil production.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Oil rig

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

The first co-ordinated agreement to cut oil production for eight years has already sent the oil price higher, which amply demonstrates that it won’t just be OPEC who will benefit from the reduction, opening the gate for BP (LSE: BP) and Shell (LSE: RDSB).

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

Owain Bennallack owns shares of BP and Royal Dutch Shell B. The Motley Fool UK has recommended BP and Royal Dutch Shell B. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

More on Investing Videos

Investing Videos

Is the FTSE 100 overvalued?

VIDEO: One Fool scrutinises the FTSE 100 (INDEXFTSE: UKX).

Read more »

Investing Videos

Can the price of Rio Tinto plc & BHP Billiton plc double again?

VIDEO: One Fool ponders the near-term future of Rio Tinto plc (LON:RIO) and BHP Billion plc (LON:BLT)

Read more »

Investing Videos

Why these expensive shares could keep falling in 2017

VIDEO: One Fool doesn't like the near-term forecast for consumer staples giants...

Read more »

Investing Videos

Should we expect a Santa Rally for the FTSE 100?

VIDEO: One Fool looks at the hopes for the FTSE 100 (INDEXFTSE:UKX) this month.

Read more »

Investing Videos

Is it too late to buy Lloyds Banking Group plc?

VIDEO: One Fool assesses Lloyds Banking Group plc (LON:LLOY).

Read more »

Investing Videos

Is the Trump win boosting the FTSE 100?

VIDEO: One Fool assesses the state of the FTSE 100 (INDEXFTSE:UKX).

Read more »

Investing Videos

Are Lloyds Banking Group shares now doomed to slump?

VIDEO: One Fool looks at the government's decision to dispose of its Lloyds shares on the open market.

Read more »

Investing Videos

Why BP plc backed out of the big Australian Bight

VIDEO: One Fool looks at why BP plc (LON:BP) backed out of Australia.

Read more »