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Petrobras Shoots 75% in 2026 and Bofa Believes It Is Not Too Late to “Join the Party”
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The surge in crude oil in the midst of global energy shock due to the closure of the Strait of Ormuz, which is key to nearly 20% of world supply, has reactivated interest in the oil sector. Bank of America (BAC) analysts improved their rating on Petrobras (PETR4) and consider that “it is not too late to join the party,” despite the strong rally of the action.See more: Bank of America wonders if Brazil is the “new gold,” while investors highlight…
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