Petrobras (PBR) makes a second oil discovery in less than a week off the coast of northern...

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras (PBR) makes a second oil discovery in less than a week off the coast of northern Brazil, in a series of finds that could boost interest in the region ahead of next year's planned oil concession auction. Geologists believe the country's northern coastal region could hold similar reserves to those found off the west coast of Africa in recent years. PBR +1.1% premarket.