BP Stock: $70 Oil Price Can't Last

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  Posted by Two Blokes Jul 30 - Filed in Stock - 4 views
  
  I reiterate my buy rating on BP, driven by expectations of higher oil prices and BP's strong correlation to oil price movements. Key catalysts include ongoing U.S. SPR refilling and historically low U.S. crude inventories. The new U.S.-EU energy export deal could further tighten oil supply and support higher Brent oil prices.