Ibovespa drops nearly 0.5% as oil prices rise
The Ibovespa fell nearly 0.5% to trade below 187,000 on Wednesday as Middle East hostilities pushed oil higher and revived inflation fears. Credit-sensitive stocks and utilities fell; Petrobras rose nearly 1.5%.
5% and traded below 187,000 on Wednesday as intensifying hostilities in the Middle East pushed oil prices higher, reviving inflation concerns. Risks to global energy supply have increased in recent weeks as the six-month-old conflict has escalated. Credit-sensitive shares, including major banks, came under pressure, with Itaú and Bradesco losing about 1%. 5%.
5%). 5% as the oil rally intensified.