Update to earlier news: According to the Coast Guard, the sheen likely comes from wreckage on the seafloor, not the well itself

Update to earlier news: According to the Coast Guard, the sheen likely comes from wreckage on the seafloor, not the well itself


Update details:

– This is an update to earlier news from a source that there is a thin slick of oil coming from containment dome in Gulf of Mexico. This comment caused weakness in both BP (BP/ LN) & Transocean (RIG) shares.


Reaction details:

– In response to this update BP’s US listed shares have pulled off session lows; trades USD 43.30 last.

Print

18:00 –
US Equities

– Source:

Hammerstone

Source Article from http://ransquawk.com/headlines/update-to-earlier-news-according-to-the-coast-guard-the-sheen-likely-comes-from-wreckage-on-the-seafloor-not-the-well-itself-18-10-2012
Update to earlier news: According to the Coast Guard, the sheen likely comes from wreckage on the seafloor, not the well itself
http://ransquawk.com/headlines/update-to-earlier-news-according-to-the-coast-guard-the-sheen-likely-comes-from-wreckage-on-the-seafloor-not-the-well-itself-18-10-2012
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