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Petrobras (PBR) Stock Gains as Oil Prices Increase

2015-06-09 19:16:04| Oil & Gas - Topix.net

WTI crude oil for July delivery was up 3.1% to $59.96 a barrel early Tuesday afternoon, and Brent crude oil for July delivery was up 3.1% to $64.66 a barrel. Oil prices were falling after the U.S. Energy Information Administration said it expects shale oil production to fall by 91,000 barrels a day to 5.5 million barrels a day in July when compared to June production rates, according to the Wall Street Journal .

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