With the oil price having fallen by two-thirds to below $40 over the past year and no end to the oversupply in sight, it might seem to be a terrible time to buy BP (LSE: BP). However, it’s already faring better than you might have expected.
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VIDEO: One Fool puts BP plc (LON:BP) under the spotlight.
You’re reading a free article with opinions that may differ from The Twelfth Magpie’s Premium Investing Services. Become a member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more, and get a free 'Best Buy Now' stock!.
With the oil price having fallen by two-thirds to below $40 over the past year and no end to the oversupply in sight, it might seem to be a terrible time to buy BP (LSE: BP). However, it’s already faring better than you might have expected.