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March 5, 2012

BP Share Prices Rises After $7.8 Billion Oil Spill Settlement 
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In business news, shares of the oil giant BP are rising after the
company reached a $7.8 billion settlement with businesses and
individuals over the 2010 Deepwater Horizon oil rig disaster in the Gulf
of Mexico. The value of BP stock has increased by 3 percent since
February 1 and analysts expect it to rise by another 5 percent this
week. The settlement is significantly smaller than the $14 billion some
had predicted.



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