Petroleo Brasileiro shares are trading higher. The company recently said its refinery utilization rate hit the highest rate since 2015 in May.
Portfolio Pulse from Benzinga Newsdesk
Petroleo Brasileiro (PBR) shares are trading higher as the company announced its refinery utilization rate reached the highest level since 2015 in May.
June 09, 2023 | 7:39 pm
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Petroleo Brasileiro's shares are up due to the company's refinery utilization rate reaching its highest level since 2015.
Petroleo Brasileiro's refinery utilization rate reaching its highest level since 2015 indicates increased efficiency and productivity, which is a positive sign for investors. This news is likely to boost the company's stock price in the short term.
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