Petroleum in Brazil: Infographic

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Petróleo Brasileiro S.A.  or simply called as Petrobras(PBR) is the state-owned Brazilian oil company. Petrobras used to a high-flier with the ADR hitting over $70 a share in 2008. Since then it has been gone nowhere but down year after year. The massive corruption scandal that was uncovered and falling oil prices have led this former crown jewel of Brazil to such a low level that the ADR closed at $10.71 on Friday. The share reached single digits before a massive run. It will be years or even decades for PBR to reach the $70 level.

Anyway the infographic below shows the Petroluem industry in Brazil:

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Source: Wilson Center

Disclosure: Long PBR

Monthly Returns for MSCI AC World Index since 1988: Chart

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Global stocks have yielded a positive return every month this year as measured by the MSCI AC World Index . The chart below shows the monthly returns of the index since 1988.

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2017’s uninterrupted and unprecedented streak of monthly gains for global stocks

 

Source: 5 Reasons Investors Should Give Thanks by JEFFREY KLEINTOP, Schwab, Nov 13, 2017