Oil Wrap: USO Jumps 1.33% as Petrobras and YPF Gain, Ecopetrol Slips

Key Facts

The WTI-tracking USO fund settled at US$129.17, a gain of 1.33% on the day as supply tightness fears returned to the crude market.

Petrobras shares rose 1.46% to US$19.40, outpacing the broader crude move as Brazil’s pre-salt output narrative sustained investor interest.

YPF ended 0.75% higher at US$52.54, a modest gain reflecting steady unconventional production from Argentina’s Vaca Muerta shale play.

Colombia’s Ecopetrol fell 1.58% to US$16.77, bucking the regional trend as company-specific pressures weighed on the Bogotá-listed name.