Why is the BP share price rising?
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Since the beginning of the year, the
BP(LSE: BP) share price has risen over 20%. This makes a change from 2020, when the stock fell almost 50%. So what has changed?
Well, the environment isn’t not all doom and gloom these days. As the global economy starts to recover, demand for oil is expected to pick up. After all, the world still runs on the stuff. Of course, this is good news for the BP share price and hence a big reason for why the stock has been rising.
US$12.3 TRILLION out of thin air…