It looks like BP might have actually stopped oil gushing into the Gulf of Mexico at last.
The oil was stopped yesterday for the first time since 20th April thanks to the 48 hour testing of a new cap.
This isn’t the only good news for BP because as news spread about the new cap being initiated, shares in the company also rose. The shares almost halved in the first two months but now they’ve bounced back to six week high.
They’ve increased by 4 percent to 417 pence at 1237 GMT after the U.S. shares closed up 7.6 percent on Thursday.
US President Obama gave a cautious welcome saying: “It is important we don’t get ahead of ourselves.” and that
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