New estimates indicate the damaged BP (BP -1.15%) oil well in the Gulf of Mexico is leaking up...

|About: BP p.l.c. (BP)|By:, SA News Editor

New estimates indicate the damaged BP (BP -1.15%) oil well in the Gulf of Mexico is leaking up to 5,000 barrels of crude daily, five times more than initially estimated, in part because an additional breach in the oil well was discovered. BP is spending $6M/day to fight the spill, which is now around 600 miles in circumference and growing.