ADRs End Lower
20 Junho 2017 - 6:42PM
Dow Jones News
By Ezequiel Minaya
International stocks trading in New York closed lower
Tuesday.
Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras,
was among the companies with ADRs that traded actively.
The BNY Mellon index of American depositary receipts fell 1.28%
to 139.20. The European index decreased 1.34% to 132.54, the Asian
index dropped 0.95% to 158.29, the Latin American index fell 2.33%
to 211.54 and the emerging markets index declined 1.24% to
284.15.
Bets that global exporters could ease a supply glut through a
historic agreement to cut output have been undermined as production
has increased in the U.S., Libya and Nigeria. Global inventories of
crude oil and oil products have remained high, compounding on
worries that rebalancing the global oil market will be harder than
previously thought. ADRs of Petrobras retreated 3.2% to $7.86.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
June 20, 2017 17:27 ET (21:27 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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