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Petrobras was once a standout in the commodities sector, peaking at $76.60 in 2008 before a long, downward trajectory began. O'Reilly reminisces about the company’s allure before the financial crisis, particularly its abundant oil reserves—8.7 billion barrels of crude and 10.4 trillion cubic feet of natural gas. Despite its significant production capabilities, Petrobras does not hold the top ranks in global reserves but remains an essential player in the market.