IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 ▲ 2.98% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL5.05▼ 0.01% USD/MXN17.38▼ 0.04% USD/CLP937.27▲ 0.17% USD/COP3,205▼ 0.70% USD/PEN3.39▼ 0.31% USD/ARS1,482▼ 0.03% USD/UYU40.14▲ 1.16% USD/PYG6,035▲ 1.38% USD/BOB10.95▲ 2.82% USD/DOP57.92▼ 0.14% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.31% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.78▼ 0.36% BRENT 96.12 ▲ 2.18% WTI 88.12 ▲ 1.49% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.85% GOLD 4,125 ▼ 0.52% SILVER 59.91 ▼ 0.19% SOY 1,242 ▲ 0.69% CORN 485.75 ▲ 5.14% WHEAT 703.25 ▼ 0.35% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.77% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,667 ▼ 0.66% ETH 1,924 ▼ 0.49% SOL 77.48 ▼ 0.55% XRP 1.13 ▼ 0.62% BNB 569.88 ▼ 0.15% ADA 0.17 — 0.00% DOGE 0.07 ▼ 0.67% AVAX 6.58 ▼ 0.56% LINK 8.58 ▼ 0.48% DOT 0.82 ▼ 1.58% LTC 47.11 ▲ 0.08% BCH 217.41 ▼ 1.16% TRX 0.33 ▲ 0.02% XLM 0.18 ▼ 1.55% HBAR 0.07 ▲ 0.47% NEAR 1.87 ▲ 0.22% ATOM 1.45 ▼ 0.99% AAVE 97.57 ▲ 0.22% SELIC 14.25% — EMBRAER 83.79 ▲ 1.38% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.03 ▲ 6.09% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97% IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 ▲ 2.98% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL 5.05 ▼ 0.01% USD/MXN 17.38 ▼ 0.04% USD/CLP 937.27 ▲ 0.17% USD/COP 3,205 ▼ 0.70% USD/PEN 3.39 ▼ 0.31% USD/ARS 1,482 ▼ 0.03% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,035 ▲ 1.38% USD/BOB 10.95 ▲ 2.82% USD/DOP 57.92 ▼ 0.14% USD/CRC 447.42 ▲ 1.36% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.36% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.78 ▼ 0.36% BRENT 96.12 ▲ 2.18% WTI 88.12 ▲ 1.49% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.85% GOLD 4,125 ▼ 0.52% SILVER 59.91 ▼ 0.19% SOY 1,242 ▲ 0.69% CORN 485.75 ▲ 5.14% WHEAT 703.25 ▼ 0.35% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.77% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,667 ▼ 0.66% ETH 1,924 ▼ 0.49% SOL 77.48 ▼ 0.55% XRP 1.13 ▼ 0.62% BNB 569.88 ▼ 0.15% ADA 0.17 — 0.00% DOGE 0.07 ▼ 0.67% AVAX 6.58 ▼ 0.56% LINK 8.58 ▼ 0.48% DOT 0.82 ▼ 1.58% LTC 47.11 ▲ 0.08% BCH 217.41 ▼ 1.16% TRX 0.33 ▲ 0.02% XLM 0.18 ▼ 1.55% HBAR 0.07 ▲ 0.47% NEAR 1.87 ▲ 0.22% ATOM 1.45 ▼ 0.99% AAVE 97.57 ▲ 0.22% SELIC 14.25% — EMBRAER 83.79 ▲ 1.38% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.03 ▲ 6.09% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97%
since 2009
Thursday, July 23, 2026
Market Reports

Oil Prices Surge Amid US Employment Data and Middle East Tensions

By · August 8, 2024 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Oil prices closed higher for the third consecutive session on Thursday, August 8, 2024. Positive US employment data and escalating Middle East tensions drove this trend. Prices recovered significantly from an eight-month low on Monday, August 5.

Brent Crude: Futures for Brent crude rose by $0.83, or 1.06%. The price settled at $79.16 per barrel.

West Texas Intermediate (WTI): US WTI crude futures increased by $0.96, or 1.28%. They closed at $76.19 per barrel.

Factors Influencing the Surge

US Employment Data

US employment data significantly influenced the recent surge in oil prices. The data showed a larger-than-expected drop in new jobless claims.

Surge in Oil Prices: Global Demand Dynamics
Oil Prices Surge Amid US Employment Data and Middle East Tensions. (Photo Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

This alleviated concerns about a potential weakening in the labor market. Giovanni Staunovo, an analyst at UBS, stated, “The latest US jobless claims data indicate that the American economy is still growing.” This reduced concerns about oil demand.

US Crude Inventories

The Energy Information Administration (EIA) reported a substantial drawdown in US crude oil inventories. Stocks fell by 3.7 million barrels last week.

This surpassed analyst expectations. It marked the sixth consecutive weekly decline. Inventories reached their lowest levels in six months.

Middle East Tensions

Geopolitical tensions in the Middle East also boosted oil prices. The assassination of senior members of militant groups Hamas and Hezbollah last week raised the specter of retaliatory attacks by Iran against Israel.

This heightened concerns about potential disruptions in the oil supply. The Middle East remains the world’s most significant oil-producing region.

Broader Implications

Economic data and geopolitical events underscore the volatility of the global oil market. Positive US employment data can bolster market confidence.

Geopolitical risks in key production areas can lead to supply concerns. Both significantly impact oil prices.

Live Market IntelligenceCommodities — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Commodities — Live Market Board

Global
Jul 23, 2026 · 03:21

Brent crude · benchmark
96.12
+2.18%
L 94.88day rangeH 96.47

+40.30% over 12 months

Market breadth · 15 names
40% advancing

6 ▲ advancing9 declining ▼

Currencies, rates & key inputs
Gold
4,125
-0.52%

Silver
59.91
-0.19%

Copper
6.51
+0.85%

Iron ore
161.91
·

WTI crude
88.12
+1.49%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
GOLD 4,125 -0.52% +21.55% 4,147 4,144 4,075 27,605
SILVER 59.91 -0.19% +52.52% 60.02 60.36 59.05 4,782
BRENT 96.12 +2.18% +40.30% 94.07 96.47 94.88 3,809
WTI 88.12 +1.49% +35.05% 86.83 88.67 87.32 35,284
COPPER 6.51 +0.85% +12.27% 6.45 6.54 6.47 3,447
LITHIUM 69.00 -0.12% +58.73% 69.08 69.65 68.95 261,058
IRON ORE 161.91 — +64.76% 161.91 161.91 1
SOY 1,242 +0.69% +23.44% 1,233 1,245 1,236 11,586
CORN 485.75 +5.14% +21.89% 462.00 486.00 483.00 17,138
WHEAT 703.25 -0.35% +30.11% 705.75 708.50 702.25 4,639
COFFEE 318.05 -4.19% +5.54% 331.95 324.60 313.35 —
SUGAR 14.75 -0.87% -9.17% 14.88 14.94 14.67 —
COCOA 5,353 -4.53% -36.58% 5,607 5,534 5,240 —
ORANGE JUICE 147.50 +2.57% -56.17% 143.80 150.50 140.55 —
COTTON 81.36 +3.04% +22.13% 78.96 81.75 79.75 12,672
BEEF 219.20 -3.30% -3.45% 226.68 222.55 218.83 22,518
CATTLE 336.15 -3.83% +1.40% 349.55 344.00 335.00 11,864
USD/BRL 5.05 -0.01% -9.16% 5.05 5.06 5.05 —

Largest moves today
CORN
485.75
+5.14%
COCOA
5,353
-4.53%
COFFEE
318.05
-4.19%
CATTLE
336.15
-3.83%
BEEF
219.20
-3.30%
COTTON
81.36
+3.04%
ORANGE JUICE
147.50
+2.57%
BRENT
96.12
+2.18%

The session read
The Brent crude rose 2.18%, with breadth negative — 6 of 15 names higher. CORN led, while COCOA lagged.

From The Rio Times

Related coverage · 23 Jul 2026
Global Economy Briefing — July 23, 2026

Read →

In depth

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Related Articles

Global Economy Briefing

Global Economy Briefing — July 23, 2026

July 23, 2026 · 9 min read Global Economy Briefing

Global Economy Briefing — July 22, 2026

July 22, 2026 · 9 min read Global Economy Briefing

Global Economy Briefing — July 11, 2026

July 11, 2026 · 7 min read Global Economy Briefing

Global Economy Briefing — July 7, 2026

July 7, 2026 · 5 min read

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.