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After two years of losses, bps set to reveal its making profits again thanks to the rise in the price of oil. And, can the thrill of the auction room be recreated online . We investigate the digital challenges for the likes of christies and sotherbys. Welcome to World Business report. Im sally bundock. Bps expected to say its been making a profit in recent months, drawing a line under years of painful cost cutting and transformation as it grappled with low oil prices. Using the oil giants preferred measure of underlying replacement cost profit, last year it made a loss of 2. 6 billion a 55 fall on the year before. The shift in the price of oil on Global Markets was the main reason why the white line shows you the slide. It bottomed out at 27. 88 a Barrel Injanuary 2016. The yellow line shows you bps share price during that time and the effects of the two year slump in the oil market as well as the cost of the Deepwater Horizon Disaster. This year bp plans to sell off around 4. 5 billio

Palestinian statePolicy documentNicolas maduroChancellor merkelSummer residenceBlack seaVladimir putinWorld business reportNorth sea oilAuction roomSally bundockOil pricesCost cuttingOil giant6 billion2 6 billion