The United States Oil Fund (USO), which tracks West Texas Intermediate crude futures, settled 1.33% higher at US$129.17 on Friday, signaling renewed momentum in the benchmark commodity.
The move comes as Latin American energy equities posted a mixed but generally positive session, with major producers bucking earlier global headwinds.
75%. The gains reflect a stabilization in crude oil prices that has helped restore investor confidence in the sector after a broader retreat in global benchmarks.
Petrobras led the regional pack, gaining 1.46%, while Argentina’s YPF climbed 0.75%.
The gains reflect a stabilization in crude oil prices that has helped restore investor confidence in the sector after a broader retreat in global benchmarks.
However, the rally was not universal; Colombia’s Ecopetrol fell 1.58%, standing out as the only major regional decliner among the listed names.
This divergence highlights the varying degrees of exposure to global price swings versus local operational factors.