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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Oil major BP (BP.) posted first quarter profit of $1.5bn against expectations for $1.26bn thanks to higher oil prices. Crude hit multi-year lows in early 2016 as investors fretted about the Chinese economy and averaged $35.30 per barrel in Q1 2016 against $54.70 in Q1 2017. It will be interesting to see how BP fares when the comparatives are not as favourable. (TS)
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