Petrobras Shares Decline as Brazil Stock Index Falls

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On Tuesday, November 3, Brazil's Ibovespa stock index declined 1.5% by 10:49 a.m. ET, following a period of volatility that saw the index fall 19% below its October 23 closing value. The state-controlled oil company Petrobras drove the market slide, with its shares falling 3.9% to R$50.67 after reaching an intraday low of 6.8%. The downturn coincided with a…

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