(Energy winners & loser, BP story, updated for Chevron outlook, market close)NEW YORK ( TheStreet) -- On the day that the U.S. government released its final report on the BP ( BP) oil spill, all the companies involved in the environmental disaster are among the biggest winners amid a broader energy sector rally. Crude oil was resurgent on Tuesday, trading above the $91 level for most of the day and settling at $91.18. The energy sector outpaced the equities market gains, with energy stocks rising 1.6%, three times the gain made the broader market indexes. The Presidential Commission's final report on the oil spill indicated the BP, Halliburton ( HAL) and Transocean ( RIG) were all deserving of blame for the disaster. The report also states that the oil industry and regulatory oversight of the industry are still falling short of the mark, and the report chided the energy lobby, the American Petroleum Institute, in particular. BP shares were up close to 2% on Tuesday, third-best among oil majors, behind shares of Hess ( HES), up 3.8%, and shares of ConocoPhillips ( COP). Transocean shares were up by 2%, near the top of the list among drillers, behind Rowan Companies ( RDC). Anadarko shares were up 3.5% for the best return among independent energy companies. Blowout preventer manufacturer Cameron International ( CAM) was higher by 6%, as the spill commission said that a redesign of the industry standard blowout preventer might be a required preventative measure to avoid future catastrophic spills-- though it came to no specific conclusions about the blowout preventer in the BP oil spill, saying it was still being analyzed. Cameron has maintained since the oil spill that any redesign of the blowout preventer would be a boon to its business -- the proverbial arms dealer argument in favor of a bullish business outlook during times of war. If the Presidential Commission report was supposed to send shockwaves through the market, it seemed to have the opposite effect. In truth, it probably had limited effect, as most of its findings and recommendations were well-telegraphed. A slowdown in production from the Gulf of Mexico tied to more stringent regulation could theoretically send the price of crude higher as a check on available supply. Reuters quoted Paul Sankey, managing director at Deutsche Bank, as saying about the oil spill commission, "We think the level of (U.S. offshore) activity is going to be by definition lower, and that you'll never see the peak from before the accident. The broadness of these recommendations and lack of specifics will delay activity."
Eric Rosenbaum. >To follow the writer on Twitter, go to Eric Rosenbaum. >To submit a news tip, send an email to: email@example.com.