Oil Names Skyrocketing On BP Reports (BP)

Reports are coming from the Gulf of Mexico that oil from BP's BP Macando well is no longer flowing into the ocean. Oil stocks have been skyrocketing on this news. BP has jumped 7.57% to $38.92. Anadarko Petroleum APC, which owns a 25% non-operating stake in the well is 3.01% higher at $49.01. Transocean RIG, which leased the Deepwater Horizon rig to BP, has closed 4.47% higher at $54.70.