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Brazilian Oil Workers on Strike

A five-day strike by Brazilian oil workers that began early Monday has cut the production of Brazil's state oil company

Brazilian Oil Workers on Strike

A five-day strike by Brazilian oil workers that began early Monday has cut the production of Brazil's state oil company Petroleo Brasileiro SA by about 4 percent, according to the state-run oil company.

Oil workers are striking at 33 rigs in a dispute over pay but only two rigs were totally stopped, Petrobras said.

Petrobras produces about 1.6 million barrels of oil a day. It is estimated to be the world's sixth largest oil company in terms of market capitalization.

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