Petrobras Stock Price Rises After $450 Million Petronas Deal as $100 Oil Puts Dividends in Focus (Reuters)
Petrobras stock climbed Tuesday, boosted by its decision to buy out Petronas’s stakes in two offshore fields for $450 million. Crude’s return above $100 a barrel offered additional tailwind. The U.S.-listed shares recently traded up roughly 1.8% at $19.51.