Oil: Winners and losers from tumbling prices

With the price of Brent crude at a four-year low, all eyes are on how OPEC will react at its crucial meeting tomorrow. In the meantime, Premier's Chris White highlights the stocks to benefit from lower prices.

In little more than four months the price of a barrel of Brent crude oil has tumbled by more than a quarter, from $115 to below $80 (£73 to £50). The fall was initially triggered by a softening outlook for global demand, and a glut of supply as Libyan volumes returned to normal levels. The decline was further augmented by a decision by Saudi Arabia to cut prices, rather than production, and analysts have warned prices could fall further. Winners and losers Clearly, a lower oil price is negative for oil producers and investors should be wary of companies which are more dependent ...