Summary: Can the BP share price withstand the political pressure from the US President amid the company's best quarterly profits in 4 years? Current SetupThe BP share price is back in the spotlight following one of its strongest quarterly performances in years. This means that oil prices have consistently remained above pre-conflict levels, which had seen oil prices trading <$60 at some point in Q4 2025. BP Share Price: Forecast scenariosBase case: the base case remains bullish as long as oil prices stay well above the $70/barrel price mark. BP Share Price: Technical OutlookThe Jan-April 2026 advance that forms the secondary uptrend remains intact, despite the retracement in place since April.