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09.09.202613:47:07UTC+00Ibovespa Falls as Oil Prices Rise

The Ibovespa retreated nearly 0.5% on Wednesday, slipping below 187,000 points as escalating tensions in the Middle East drove oil prices higher and reignited inflation concerns. The six-month-old conflict has raised risks to global energy supplies in recent weeks, weighing on risk assets. Credit-sensitive shares, particularly major banks, came under pressure, with Itaú and Bradesco each losing around 1%. Utilities also declined, led by Axia, which fell more than 1.5%. Other notable underperformers included Ambev (-1%) and WEG (-1.5%). Vale dipped slightly, tracking lower iron ore prices. In contrast, Petrobras advanced nearly 1.5%, supported by the strengthening oil rally.

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