BP Shares Rise In London, As Oilpocalypse Fears Recede

For a brief moment, the world panicked about the Matthew Simmons, oilpocalypse doomsday scenario, of oil leaking uncontrollably into the Gulf through various leaks.

But that appears to have receded, helped by confirmation by the government that the leak 2 miles away probably was unrelated to the Macondo well.

Shares of BP are ticking up modestly in London.


[credit provider=”Google Finance”]