Is BP Stock a Buy?
The oil market has hit another rough patch this year. Crude prices have tumbled more than 20% in recent weeks on fears that the coronavirus will negatively affect global oil demand. Those concerns have weighed on the shares of oil companies, including oil giant BP (NYSE: BP).
The recent weakness in the oil market might have some brave investors wondering if now's the time to buy a company like BP -- which has tumbled 16% this year -- to play an eventual rebound in crude prices. Here's the case for and against buying BP right now.
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Source Fool.com
