BP Stock Jumps on News of Leak Stoppage

Oil giant up 7% in late-day trading
By Nick McMaster,  Newser Staff
Posted Jul 15, 2010 4:12 PM CDT
A boat pulls boom into place near the Pacific Responder oil skimming vessel in the Gulf of Mexico near the coast of Louisiana Wednesday, July 14, 2010.   (AP Photo/Patrick Semansky)

(Newser) – BP's stock price jumped 7% on the news that the company had managed to plug the oil well in the Gulf of Mexico, TheStreet reports. Though the company still has 48 hours until it completes tests on its new cap (itself only a temporary solution), markets seemed to take the company at its word. Transocean, another firm involved in the spill, also shot up, by about 4%.
(Read more Gulf oil spill stories.)

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