Petrobras Stock Hits Record Value as Oil Prices Surge
BRAZIL · ENERGY Key Facts — What happened Petrobras closed Tuesday at a record market value of R$692.35 billion (US$134.4 billion), the highest ever in nominal reais. — Why it happened Brent crude jumped 2.9% to US$108.75 a barrel after a pipeline closure and a loading halt at Saudi Arabia’s Yanbu port. — Production boost […] The post Petrobras Stock Hits Record Value as Oil Prices Surge appeared first on The Rio Times.