Key Facts
The US Oil Fund fell 5.19% to US$115.78, reflecting weaker WTI futures as soft refinery margins and expectations of slower demand growth in China and Europe rattled traders.
Petrobras shares dropped 1.78% to US$18.72, as the weaker crude curve and a revived debate over Brazil’s domestic fuel pricing policy pressured the state-controlled producer.
Argentina’s YPF declined 2.78% to US$49.64, with persistent domestic macroeconomic uncertainty amplifying the drag from lower oil benchmarks on the main operator in the Vaca Muerta shale.
Colombia’s Ecopetrol slid 1.75% to US$16.31, tracking the broader sell-off in state-owned energy equities as the WTI proxy signalled a looser short-term market.
