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ADM - BP: Stock Set For A Major Rally With Increase In Oil Prices
Archer-Daniels-Midland Company
A strong combination of negative oil prices, battle for control of energy prices and overload of storage facilities has adversely affected the global oil sector. The demand of the product has been destroyed as many countries are coming to terms with the reality of lockdowns. While most analysts are looking at a viable post-COVID-19 future with focus on renewable energy, it is vital to consider how we can adapt to unforeseen economic shocks.
BP p.l.c. (BP) in its Q1 2020 earnings report stated that losses had amounted to $4.4 billion. Losses at the