The 2010 oil spill in the Gulf of Mexico is worsening, and what BP will have to pay for the response is rising with no immediate end in sight. Meanwhile, the price of crude futures is rising about as fast as BP’s stock is falling. Oil futures were posting gains for the fourth straight session as traders pin their hopes on the possibility that the oil slick will muck up current levels of supply. BP stock has lost $20 billion in market value, but the company won’t need to borrow money to finance the oil spill cleanup
The cost of the oil spill in the Gulf of Mexico 2010 is rising for BP, along with oil futures, while BP's reputation slides and sealife suffers. Flickr photo.
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