Tuesday, February 9, 2010

Petrobras (NYSE: PBR), Vale (NYSE: VALE) Gain as Commodities Rebound

Petrobras, Vale

Many of the Brazil stocks, including Petrobras (NYSE: PBR), Vale (NYSE: VALE) ended higher as commodity prices rebounded

The major stock index in Brazil, Ibovespa, was up by 0.62 percent on the day.

Giant miner Vale S.A. rose 1.10 percent to BRL41.25, while the state-owned oil company Petrobras gained 0.70 percent for the day.

Petrobras, Vale

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