# Oil Fund Slips 0.7% as YPF Falls 3.3%

> Oil fund drops 0.7% as YPF falls 3.3% amid Gulf attacks and G7 emergency stocks.
- Title: Oil Fund Slips 0.7% as YPF Falls 3.3% · The Rio Times
- Summary: Oil fund drops 0.7% as YPF falls 3.3% amid Gulf attacks and G7 emergency stocks. Oil prices dipped 0.7% as YPF fell 3.3% after reported Houthi attacks on…
- Keywords: oil fund, ypf, petrobras, ecopetrol, international energy agency, brent crude, wti, oil prices, latam oil shares, oil market, energy stocks, Oil
- Source: The Rio Times — https://riotimesonline.com/oil-markets-latam-wednesday-october-7-2026
- Author: Diego Fernández
- Published: 2026-10-08T00:56:16+00:00
- Read time: 1 min
- Topics: oil fund, ypf, petrobras, ecopetrol, g7, international energy agency, brent crude, wti, oil prices, latam oil shares, oil market, energy stocks
## Oil prices dip
Brent crude traded near US$101 a barrel and US crude (WTI) near US$89, 90 on Wednesday 7 October after reported Houthi attacks on Saudi airports.
## US oil fund falls
The oil fund USO fell 0.69% to US$143.91 after trading as high as US$147.07.
## EIA report
US commercial crude stocks fell by 3.19 million barrels last week to 424.1 million, against a forecast build of 1.9 million.
## G7 emergency stocks
The G7 agreed to release up to 100 million barrels of emergency stocks, coordinated by the International Energy Agency.
## Latin American shares
Petrobras rose 0.80% to US$23.99, while Ecopetrol fell 1.95% and YPF fell 3.28%.
## Saudi attacks
Saudi authorities said airports in Jazan and Najran were targeted in attacks on Monday evening, injuring three people.
## Pipeline recovery
The Saudi energy minister said pipeline flows recovered to 5.8 million barrels a day.
## Market reaction
Wall Street fell and the dollar rose, which usually weighs on dollar-priced commodities.
## Latin American impact
High oil prices help Latin American exporters, while inflation worries grow in the United States.
## Prediction markets
Polymarket gives 90.5% to WTI touching US$90 in October and 53.0% to US$95 (US$1.1 million traded).
## What moves next
The next move depends on how the market absorbs the emergency barrels and whether Saudi supply stays safe.
## Brent price impact
For Latin American producers, a Brent price above US$90 keeps deepwater and shale projects attractive.
## What happens next
The G7 release details and Saudi security will determine oil prices for Latin American producers.
## Key takeaway

Oil prices dipped 0.7% as YPF fell 3.3% after reported Houthi attacks on Saudi airports and G7 emergency oil releases.