Oil is a commodity which makes the world go round. The odds are recorded and BP is expected to have a new CEO by the end of this year. Since the recent oil news revolves around BP, the prices of gasoline is fluctuating and oil market is considered to be unexpected. Oil rises above $73 as traders analyze US job market. The energy sector of stocks market have also declined recently and surprisingly BP shares were seen flourishing confusing the investors whether to sell bp shares or not. The Fed’s decision to keep the interest rates near zero allowed the oil market to dip from $76 to $73. The reason for keeping interest rates lower is that it is supportive for oil prices as cheaper borrowing cost allows more consumption and trading. The prices have bounced again as more people have filed new applications for unemployment insurance. Analysts believe that the oil prices will slightly fall in the 1st half of July and will increase rapidly in the second half as investors would be running for energy sector shares. The falling stock markets have pushed investors to buy shares of energy sector which is always considered more profitable than other shares.