Petrobras shares fall with oil and PETR4 drops 4.25% this Tuesday

According to InfoMoney, PETR4 fell 4.25% on Tuesday morning (3), quoted at R$57.62, and PETR3 fell 3.97%, to R$50.64. The movement was the main highlight for those who follow the state-owned company on the stock exchange.

The source relates the fall in Petrobras shares to the behavior of oil on Monday. For a company whose revenue directly depends on the price of a barrel, the price of the commodity is usually the reference that the market observes most when pricing the share.

In the international market, Brent and WTI opened the session rising, but reversed their signal and began to fall throughout Tuesday. WTI fell 2.11%, to US$ 94.42, and Brent lost 2.76%, to US$ 101.66, according to the same report.

The turnaround of the two international references helps explain the pressure on shares. When the beginning of the trading session points in one direction and the session ends in the other, investors tend to reduce positions, and companies linked to oil feel the effect more immediately.

The episode also shows the sensitivity of Petrobras shares to oil fluctuations. On days of strong movements in the commodity, the state-owned company is usually one of the most affected names on the Ibovespa, which turns the price of a barrel into a mandatory topic for those investing in the sector.

What changes for the investor

In practice, the session reinforces that Petrobras' shares carry direct exposure to the price of oil, something that must be clear in the portfolio before making any decision. Anyone who follows the company needs to observe both Brent and WTI as well as the behavior of PETR4 and PETR3, as the two share classes can move in a similar way, but with different intensities. This article does not recommend buying or selling and does not project prices; it only describes what was reported about the day's movement.

Automatically translated from Portuguese.