Before you decide, please take a moment to review this report first. Despite ongoing uncertainties from Trump’s tariffs to global conflicts, Mark Rogers and his team believe many UK shares still trade at substantial…
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When the oil price rises, the BP (LSE: BP) share price tends to rise with it. Not today. What’s going on?
Last Thursday (28 April) was particularly volatile for oil, with Brent crude rocketing to $124 a barrel. It’s since retreated to $112 but Macquarie Group warns it could hit $200 if the Iran war drags into June. Despite the threat, BP shares are down 5% in the last month. That’s very odd. Here’s what I think is happening.
Image source: Getty Images
When the oil price rises, the BP (LSE: BP) share price tends to rise with it. Not today. What’s going on?
Last Thursday (28 April) was particularly volatile for oil, with Brent crude rocketing to $124 a barrel. It’s since retreated to $112 but Macquarie Group warns it could hit $200 if the Iran war drags into June. Despite the threat, BP shares are down 5% in the last month. That’s very odd. Here’s what I think is happening.
