Like BP, integrated European oil supermajors Total S.A. and Royal Dutch Shell have been weighted down under the pressure, down 16.5 percent and 12 percent, respectively.

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He is, though, likely to hear from his hosts about the market's control over the price of the dollar, to which oil producers in the region peg their currencies, and whose 30% trade-weighted decline in the past five years is putting inflationary pressure on domestic economies.

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While this configuration is heavily weighted toward the bearish end of the spectrum, any downgrades from the remaining bulls could increase selling pressure on the security.

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