Commodities guru Jim Rogers says oil will continue to rise because there have been no major oil field discoveries in over 40 years.
Investment trusts increased their dividend yields last year despite BP hampering many income portfolios, according to research by Oriel Securities.
The oil price could surge to $220 a barrel and thwart the global economic recovery, according to Nomura.
Saudi Arabia is stepping in to prevent an oil supply blackout driven by the Libyan turmoil, the Financial Times reports.
Oil prices do not yet reflect a crisis, although the risk of political contagion across the MENA region could force the crude price up over $150 a barrel in the short term, says Mark Lacey at Investec.
Brent crude oil has soared to $104 dollars a barrel amid fresh concerns over the Suez Canal in the Middle East.
Brazilian state oil company Petrobras dragged down the performance of Brazil last year to make it one of the world's worst performing markets, says BlackRock's Will Landers.
BP reported an annual loss of $4.9bn (£3.1bn) in 2010, the first time the oil giant failed to post full-year profits since 1992.