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New Gulf Leak at Barataria Bay

July 27, 2010 1:07 PM EDT
The new US Coast Guard has confirmed to StreetInsider.com a new oil leak in the Gulf is in Barataria Bay, located in southeastern Louisiana.

The leak was created after a tug boat hit a wellhead.

No companies have been named yet.

Energy Select Sector SPDR (NYSE: XLE) is relatively unchanged since the news broke.

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