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Gulf oil spill financial damage seen spreading

Fri, 05/14/2010 - 6:25pm
Reuters

HOUSTON (Reuters) - Shares of companies like BP Plc involved in the well-blowout in the U.S. Gulf of Mexico have taken a big hit in recent days, but now other firms that make a living in those waters are starting to feel financial pain from the massive oil spill.

The U.S. Department of the Interior issued a moratorium on new drilling permits at least until May 28 when a safety review is due to be completed and now analysts and investors are beginning to fret about future implications of the ban.

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