Petrobras ‘ shares soar

After four straight declines and low of 12% in the first week of November, shares of Petrobras shoot a day of gains in the Ibovespa and into the oil. Preferred shares of Petrobras (PETR4) closed at a high of 7.63%, 17.21, and R$ common shares of Petrobras (PETR3) advanced 6.82%, to R$ the day November 7 18.32. Oil prices in the international market went up and helped pull the recovery of brazilian State papers.

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