BP Capped The Well – No oil leaking into Gulf from busted well
BP says oil from its broken well has stopped gushing into the Gulf of Mexico for the first time since April. The announcement Thursday came after company officials said all valves had been shut on a new cap over the busted well in an experiment to stop the spill. BP stock closed up 7.57% this afternoon at the closing bell and is up 1.21% right now after the market has closed. Shares of BP has gone from just $26 to $39 in just a few weeks.
Kent Wells, a BP PLC vice president, said at a news briefing that oil stopped flowing into the water at 2:25 p.m. CDT. It was a long-awaited milestone in one of the nation’s worst environmental disasters. While not a permanent solution to plug the busted well, the success in capturing the oil spewing out was welcome news.
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