Key Facts

The WTI-tracking fund USO settled at US$114.88, a daily fall of 0.78% as global benchmark pressures persisted on Wednesday.

Petrobras shares dropped 1.92% to US$18.36, outpacing the crude decline and signalling specific pressure on Brazil’s state-controlled giant.

Argentina’s YPF slid 1.95% to US$48.67, making it the weakest proxy on the board despite the geological promise of the Vaca Muerta shale.

Colombia’s Ecopetrol was the sole gainer, rising 0.49% to US$16.39 and decoupling from the broader regional equity slide.