ADRs of state-run oil company Petroleo Brasileiro SA ( PBR ), also known as Petrobras, was up the best part of 3%. Latin American markets are mostly higher in late Wednesday trade, with Brazil's Ibovespa index a standout having risen close to 2%, its fourth straight advance, supported by strong Chinese trade data and slower than expected domestic inflation figures last month. Brazilian inflation as measured by the benchmark IPCA index climbed 0.47% during March, trailing the median estimate of 38 economists surveyed by Bloomberg looking for a 0.50% increase.