Oil Spill Cap 'Success' Sees a Jump in Value of Bp Shares

Summary


BP shares jumped by more than five per cent after the beleaguered energy giant said it had temporarily stopped oil flowing into the Gulf of Mexico.

The stock dipped below 300p at one stage last month - its lowest point since August 1996 - but recovered to around 425p yesterday amid signs that it is closer to tackling the crisis, which has so far cost more than 3.5 billion US dollars (Pounds 2.3 billion) in spillage and clean-up.

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Extract


Oil Spill Cap 'Success' Sees a Jump in Value of Bp Shares

BP said last night that the leaking well had been sealed with a test cap that should stop crude oil spilling ...

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