Why Petrobras (PBR) Stock Is Down Today

NEW YORK (TheStreet) -- Shares ofaPetrobrasa continued to fall 4.93% to $13.49 in morning Wednesday after the latest polls showed Brazilian presidentaDilma Rousseff is widening her lead over pro-business candidate Marina Silva ahead of the nation's presidential election on October 5. Brazil's real fell to a five-year intraday low earlier this week amid concerns a Rousseff victory would cause Brazil to struggle to come out of its recession. Petrobras, the state-owned energy company,aalso fell on ...