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A Nomura report says the recent oil price rally will hurt large net oil importing emerging markets more than it helps net exporters such as Malaysia. Brent crude has risen above $74 a barrel, its highest in three years and five months, on supply-side factors and geopolitical risk.
Higher energy costs could also raise inflation in importing economies.
Rising crude prices raise input costs, including fertilizer and freight, for feed producers in importing countries. They also support biofuel economics, which can lift vegetable oil demand.
themalaysianreserve.comDzulApr 30, 2018After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
