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BP Oil Spill Brings Disaster to Wall Street


How will the oil spill in the gulf impact stocks on Wall Street?

With the failure of the "top kill" procedure last week, BP (BP) continues to struggle with how to end the crisis in the gulf.

While experts agree that the impact of the spill on the environment will be catastrophic, reports vary on how severe the affect will be on the economy at large.

The stock of BP has taken a hit: down 27% in the past month, worse than the broad market and its rivals like Exxon (XOM) and Chevron (CVX), which are down 10.4% and 9%, respectively.

But could the spill bring further disaster to the Street?

Join Josh Lipton for a closer look.

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No positions in stocks mentioned.
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