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WTI futures hold above $78. Phillip Streible has more.
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Brazilian state-owned oil company Petrobras announced a 38% decrease in its net recurring profit for the first quarter (Q1) of 2024 compared with the previous year. The financial results released Monday fell short of analysts’ forecasts and the company’s dividend due to reduced sales volumes. According to LSEG data, net recurring profit dropped to 23.9bn ...