According to AJ Bell, plenty of UK investors have been selling BP (LSE:BP) shares in the last month. And it’s easy enough to see why. 

Oil prices have been soaring, and investors are banking some profits on the assumption the recovery is fragile. Maybe they’re right — those oil prices have reversed on Friday (17 April). So let’s dig deeper.

Oil prices

Over the last three months, Brent crude has climbed by around 37%. And that’s pushed BP shares up 22%. 

Whether or not that’s justified ultimately depends on the impact on the company’s earnings. So what are analysts saying?

Expectations for this year have more than doubled. And the impact is anticipated to continue…