Double bonus for BHP from oil price rally

By Barry FitzGerald* / May 04, 2018 / www.mining-journal.com / Article Link

In fact, the 37% increase in oil prices to US$67.25/bbl (WTI) from last year's annual average of $49/bbl is delivering a double bonus, the benefits of which have enabled BHP's share price itself to itself consolidate at three-year highs of more than A$31 despite recent choppiness in the full suite of commodity prices.

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