The Ibovespa edged up to trade above 192,000 on Wednesday hitting new all-time highs as higher oil and iron ores quotes boosted Petrobras and Vale. Oil prices rose amid lingering concerns over a potential US-Iran military conflict, lifting Petrobras nearly 1%. Likewise, Vale gained more than 1.5%. In contrast, WEG lost about 1% after it reported a net profit of R$1.59 billion in the fourth quarter of last year, a 6.3% decline compared to the same period a year earlier.