BP says will break even with oil at $55/barrel in 2017 - CEO

BP chief executive Bob Dudley expects oil to trade at $50-$60 a barrel next year, he said on Tuesday, adding that his company would break even at prices slightly below $55. "Last year we said we needed to balance at $60 and we had a job to get it there ... Next year we will be able to balance south of $55," he told the Oil & Money annual conference.