Petrobras Jumps on Report Government Is Weighing Plan to Sell Stock.

Preferred shares of Petrobras gained as much as 7.8% in Sao Paulo Monday after CNN Brasil said President Jair Bolsonaro's administration is studying a bill to eventually sell some stock. (Bloomberg) -- Petroleo Brasileiro SA, Brazil's state-controlled oil company, gained amid signs the government is seeking a way to unload part of its holdings in the state-owned oil producer. [Extracted from the article]