The oil giant BP says its latest attempt to seal the Gulf of Mexico oil spill appears to be working. The “static kill” operation forces heavy, synthetic fluid called drilling mud down into the well. Earlier today, BP announced that the pressure in the well appears to be stabilizing. The news comes as the government has admitted the well was leaking as much as twelve times the amount of oil it originally claimed. According to new estimates from government scientists, 62,000 barrels oil were gushing from the well at the spill’s peak, compared to initial estimates at the time of just 5,000 barrels a day. We’ll have more on the spill after headlines.