Petrobras (PBR.A) Stock Down After Oil Prices Fall

NEW YORK (TheStreet) -- Petrobras stock is decreasing 5.2% to $5.83 in afternoon trading on Monday after U.S. and Brent crude prices plunged to a six-month low on lower demand in the U.S. and growing production in the Middle East. WTI crude is down 3.82% to $45.32 per barrel, while the Brent crude is falling 4.62% to $49.80 per barrel this afternoon, according to a CNBC.com index. The Organization of the Petroleum Exporting Countries is showing no indication it would lower production, despite t...