Oil futures rose on Thursday as the dollar weakened and Russia continued its military operations in Syria, though the global glut of crude continued to weigh on prices. According to marketwatch
Russia escalated its assault on opponents of Bashar al-Assad’s regime with its first naval bombardment on Wednesday, a week after Moscow began its campaign in the war-torn country. The intervention added to the uncertainty in the Middle East, one of world’s biggest oil producing regions.
“The Syrian army’s Russian-supported ground offensive is likely to have lent support to prices,” analysts at Commerzbank said. Marketwatch
During Thursday’s Morning trade, Shares of Petroleo Brasileiro SA - Petrobras (ADR) (NYSE:PBR), declined -0.56% to $5.34. The firm opened its current trade at $5.25, and as of now, it is trading at $5.39. The total volume traded for the day is 1.11M shares, as compared to its average daily volume of 40.68M shares. The stock is floating in a range of $5.24 - $5.43. The stock holda the market capitalization of $32.64B.
Petroleo Brasileiro SA - Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P comprises exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil. RTM covers the refining, logistics, transport and trading of crude oil and oil products activities, export of ethanol, extraction and processing of shale, and interests in petrochemical companies in Brazil.
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