World Business

Spill oil to seep into supply chain as BP sells it

(Agencies)
Updated: 2010-06-12 16:18

NEW ORLEANS – Oil from nation's worst spill could soon end up at gas stations once BP sells the crude taken from a ruptured well in the Gulf of Mexico to raise money for wildlife protection.

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BP PLC has promised to use the net revenue made from selling oil captured from its leaking well to fund wildlife protection efforts in four Gulf states. BP spokesman Mark Proegler said Friday that BP was still negotiating with a buyer.

Louisiana State University professor Julius Langlinais?says the oil taken from the damaged well will be indistinguishable from other oil on the market.

Crude was selling for nearly $74 a barrel Friday on the New York Mercantile Exchange. BP expects to get less than normal for its crude because it contains an additive.