Petrobras Gains Most Since 2010 on Crude Exports: Rio Mover
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Petroleo Brasileiro SA, the world’s biggest oil producer in deep waters, surged the most since October 2010 after an increase in first-quarter crude exports boosted revenue.
Petrobras, as the Rio de Janeiro-based company is known, gained 4.3 percent to close at 19.29 reais in Sao Paulo. Earlier the stock climbed as much as 6 percent, the biggest intraday gain since Oct. 26, 2010.