Latin America Oil Markets Hit as US Oil Fund Drops 5.19%
Oil proxies fell across Latin America after the US Oil Fund (USO), which tracks WTI crude futures, closed down 5.19% at $115.78. Petrobras shares (ADR) fell 1.78% to $18.72, YPF dropped 2.78% to $49.64, and Ecopetrol eased 1.75% to $16.31, amid weaker China and Europe demand signals, softer refinery margins, and higher Americas supply.



