Petrobras (pbr.a) Stock Rises As Ibovespa Futures, Oil Prices Climb

twocents@thestreet.com (Andrew Meola), The Street
Wed, 05/06/2015 - 6:57am

NEW YORK (TheStreet) -- Shares of Brazilian state-owned energy company Petrobras rose 1.71% to $9.52 in morning trading Wednesday as Ibovespa futures climbed and crude oil prices extended their two-day rally. Ibovespa futures contracts due in June rose 0.2% to 58,855 at 9:32 a.m. in Sao Paulo, according to Bloomberg. Meanwhile, WTI crude rose 2.48% to $61.90 at 9:56 a.m., while Brent crude was up 2.3% to $69.07, according to CNBC.

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