PETROBRAS is trading at BRL 51.29, up 3.05%, with the Morpho discovery supporting gains.
- On October 2, Petrobras announced another oil-bearing interval at the Morpho well in the FZA-M-59 block offshore Amapรก. Evaluation is ongoing, and the find adds to Equatorial Margin exploration potential.
- Valor Investe said PETR4 rose 1.27% to R$ 50.40 around 1:30 p.m., after earlier declines as oil fell. Broad-market strength may also have helped; Reuters reported lower oil prices on October 2.