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Petroleo brasileiro SA Petrobras has raised gasoline prices for the first time in 11 months, which may further exacerbate inflation in Brazil.
As crude oil prices rise and mmf depreciates, Petroleo Brasileiro SA Petrobras announced on Monday that it will raise dealer rbob gasoline prices by 7.1% to 3.01 reals per liter ($0.55 USD) each.
Crude Oil Declines on Monday, WTI Faces Familiar Technical Levels as Tropical Storm Fears Ease
Crude Oil Declines on Monday, WTI Faces Familiar Technical Levels as Tropical Storm Fears Ease
Petrobras Surprises With First Gasoline Price Hike in 11 Months
Sector Update: Energy Stocks Slipping Late Monday Afternoon
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each shedding 0.8%.The Philadelphia Oil Service Sector index was adding 0
Sector Update: Energy
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each shedding 0.8%.The Philadelphia Oil Service Sector index was adding 0
Market Chatter: Petrobras to Raise Gasoline Prices for Distributors by 7% Starting Tuesday
Petrobras (PBR) will increase gasoline prices by around 7% for distributors starting Tuesday, Reuters reported Monday, citing a company statement.Gasoline price will increase by 0.20 reais ($0.037) pe