Record Gain for Petrobras: Market Value Jumps over $7 Billion in One Day

On Monday, August 26, 2024, Brazil’s oil giant, Petrobras, experienced a significant market value increase of R$40.9 billion ($7.37 billion). This event marked the largest daily rise in the company’s ordinary shares since 2021, closing at R$42.92 each. Following a 2.58% increase in crude oil prices, the stock value of Petrobras soared, surpassing $80 per […]