The slide of crude into a bear market sank Petroleo Brasileiro SA, sending the Ibovespa to the longest rout since February 2013.
Petrobras, the oil producer at the center of Brazil’s largest corruption scandal, extended a seven-day plunge to 17 percent. Crude traded in New York fell more than 20 percent from its June high to $47.53 a barrel as a rebound in U.S. drilling signaled that producers may keep adding supplies to a global glut. The Brazilian company has said that its investments in offshore production are economically viable with the commodity above $45.
Brazil Energy Insight 
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