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View Full Version : Petrobras Has Oil-Trading Loss of 964 Million Reais - Bloomberg



NewsWhore
03-10-2009, 12:11 PM
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Petrobras Has Oil-Trading Loss of 964 Million Reais (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaisOB8zbBGU0%26refer%3Dnews&cid=0&ei=BJK2ScSGN4OSggOc-fCTCg&usg=AFQjCNH71zvumjbOTniRt1pbg0y6Dx8YEw)
Bloomberg
Petrobras last week said the Brazilian real’s 24 percent decline in 2008 boosted the local-currency value of its dollar- based assets and cushioned oil’s drop. A 3.68 billion-real currency gain in the quarter helped boost the oil producer’s net income. ...


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