Key Facts
The USO fund, which tracks WTI crude, fell 1.42% to US$127.48 as a slightly firmer US dollar prompted profit-taking after a strong multi-week rally.
Petrobras shares gained 2.85% to US$19.12 buoyed by expectations of robust dividends and the high-productivity, low-cost economics of Brazil’s deepwater pre-salt fields.
Colombia’s Ecopetrol surged 3.90% to US$17.04 extending a rebound driven by improved pipeline stability and reduced domestic security incidents along transport routes.
Argentina’s YPF advanced 3.64% to US$52.15 as foreign investors bet on streamlined currency rules and the continued development of the Vaca Muerta shale formation.
