Oil market enters ‘new normality’ after price correction, says BP:
"The oil market is settling into “a new normality” according to BP, which announced a doubling of third-quarter profits and launched a share buyback programme. The results beat market expectations, pushing BP shares up 3.3 per cent on Tuesday morning, in a further sign of confidence returning to the oil and gas sector. Geopolitical tensions and tightening supplies have driven Brent crude, the international benchmark, above $60 a barrel in recent days for the first time since 2015. "
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