$52.12
-0.68 (-1.29%)
Petroleo Brasileiro S.A. (ADR) (PBR)
CAPS Rating:
The national oil company of Brazil and directly or through its subsidiaries is engaged in the exploration, production, refining, distribution, import, export, marketing and transportation of hydrocarbons and oil products.
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Fool UK
Recs
Over the long term a weakening dollar along with strengthening oil prices should benefit the stock of this Brazilian oil company. China's Sovereign Wealth Fund will continue to invest in natural resources in developing countries which should counter any deflationary price pressure on depletable resources.