HRT Jumps After Buying BP Oil-Field Stake in Brazil: Rio Mover

Lock
This article is for subscribers only.

HRT Participacoes em Petroleo SA, the Brazilian startup exploring for oil and gas in the Amazon and Namibia, rose the most in more than a month after agreeing to buy its first crude-producing asset from BP Plc.

HRT rose 7.2 percent to 4.19 reais at 12:07 p.m. in Sao Paulo after surging as much as 11 percent, the most intraday since April 4. The benchmark Ibovespa index fell 0.9 percent.