June 4, 2010 10:10 AM

Containment cap in place on Gulf oil well, Allen cautions against over-optimism

The effort to contain a pipe that's gushing crude oil into the Gulf of Mexico had one of its first victories, as BP crews successfully placed a containment cap over the well overnight. Around midnight, the oil giant began producing oil from the well, sending an estimated 1,000 barrels to the surface for processing.

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