BP plc Predicts $60 Oil — But It’s Not All Bad News

With the oil price still languishing two-thirds off its peak, this most recent crash is every bit as dramatic as that we saw with the so-called ‘oil glut’ in the mid-1980s. The bad news is BP (LSE: BP) thinks low prices are going to last for longer. But there’s good news too, at least if you’re a BP shareholder…

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Owain Bennallack has no position in any shares mentioned. 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.