# Oil Fund Rises 1.70% as Latin American Shares Fall

> Oil fund gains 1.70% while Latin American oil producers drop.
- Title: Oil Fund Rises 1.70% as Latin American Shares Fall | Shortify
- Summary: Oil fund gains 1.70% while Latin American oil producers drop. USO crude fund rose 1.70% to US$162.51 as Middle East supply fears pushed Brent above US$112…
- Keywords: crude, brent, us$162.51, petrobras, ecopetrol, ypf, latin america, oil fund, us$112, oil market, oil prices, Oil
- Source: The Rio Times — https://riotimesonline.com/oil-markets-latam-thursday-october-22-2026
- Author: Diego Fernández
- Published: 2026-10-23T00:50:21+00:00
- Read time: 1 min
- Topics: us, crude, brent, us$162.51, petrobras, ecopetrol, ypf, latin america, oil fund, us$112, oil market, oil prices
## Oil Fund Gains 1.70%
The USO crude-oil fund rose 1.70% to US$162.51 on Thursday 22 October.
## Brent Crude Rises
Brent crude traded above US$112 a barrel on Middle East supply fears.
## Latin American Oil Shares Fall
Petrobras lost 0.16% to US$25.62, Ecopetrol fell 1.33% to US$17.01 and YPF slid 2.38% to US$49.17.
## Market Split
The split shows that investors judge each company and country separately, and that falling shares reflected a global sell-off in risk assets.
## China's Oil Stockpiles
China is drawing on its oil stockpiles, which hold about 1.2 to 1.3 billion barrels.
## Prediction Markets
Polymarket gives 39.5% to WTI touching US$105 in October (US$3.9 million traded, read 8:30 pm ET, 22 October).
## Latin American Market Impact
The Nasdaq fell about 2.6%, which weighed on all risk assets.
## Petrobras Performance
Petrobras slipped 0.16% to US$25.62, showing the most resilience among Latin American oil producers.
## Ecopetrol Decline
Ecopetrol fell 1.33% to US$17.01 in New York and 1.64% in Bogotá, indicating concerns beyond oil prices.
## YPF Decline
YPF lost 2.38% to US$49.17 despite Argentina’s Vaca Muerta shale basin, with country risk rising above 700 basis points.
## Market Outlook
The near-term path for crude depends on Middle East events and whether China keeps drawing on stocks instead of buying barrels.
## Latin American Equities Test
For Latin American equities the test is whether Petrobras, YPF and Ecopetrol can catch up if crude stays high.
## What to Watch
Middle East supply news, China’s stockpiles, Brazil’s runoff (Sunday 25 October), and Argentine country risk are key factors.
## Key takeaway

USO crude fund rose 1.70% to US$162.51 as Middle East supply fears pushed Brent above US$112, but Latin American oil shares fell.