Oil Fund Gains 1.36% as Ecopetrol Rises 1.68% | Oil, Oct 13
The USO oil fund rose 1.36% to US$153.09 on Tuesday 13 October, and Ecopetrol gained 1.68% while Petrobras rose 1.52% in São Paulo. The post Oil Fund Gains 1.36% as Ecopetrol Rises 1.68% | Oil, Oct 13 appeared first on The Rio Times .
On Tuesday, October 13, oil-linked assets experienced a positive day. The USO fund, which holds US crude-oil futures, increased by 1.36% to US$153.09. Ecopetrol, Colombia's state-owned oil producer, saw a rise of 1.68% in New York. Petrobras in São Paulo gained 1.52%, while PRIO, a Brazilian offshore producer, gained 3.58%. InfoMoney highlighted that US-Iran tensions were a key focus for investors.
Despite Brazil's broad index falling, oil prices saw a second consecutive day of rise, benefiting Latin American oil producers and contributing to higher petrol prices in the United States.
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