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Obama: no intent to devalue BP

BURAS, La./ LONDON (Reuters) - President Barack Obama told British Prime Minister David Cameron on Saturday that he had no interest in undermining the value of oil company BP Plc following the massive oil spill in the Gulf of Mexico.

BURAS La./ LONDON (Reuters) - President Barack Obama told British Prime Minister David Cameron on Saturday that he had no interest in undermining the value of oil company BP Plc following the massive oil spill in the Gulf of Mexico.

But as frustration grew on the 54th day of the leak that continues to gush from a blown-out undersea well, a U.S. Coast Guard official told the London-based energy giant to come up with a better containment plan in 48 hours.

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