# Emerging markets performance tied to oil price surge, says Nomura | Commodity News - Energy - Business Standard

> Nomura says a sustained oil price rise driven by supply would widen performance gaps among emerging markets, hurting large net oil importers such as India and the Philippines. Brent was trading at $74 a barrel, up 20% from February lows. Rising US yields are also cited as pressure on India's current account and the rupee.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65794-emerging-markets-performance-tied-to-oil-price-surge-says-nomura-commodity-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Higher crude prices raise import bills for oil-importing emerging markets and can weaken their currencies, which affects their demand for feed and energy inputs. The note points to a supply-driven oil rally as the key driver.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-03 | [Rupee ends 4-day winning run, drops 88p at 70.46 per dollar on oil price \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/61852-rupee-ends-4-day-winning-run-drops-88p-at-70-46-per-dollar-on-oil-price-money.md) | +6.0% | -10.4% |
| BRENT | 2026-04-30 | [Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7% \| Markets News - Business Standard](https://feedsoft.ai/events/20011-rupee-hits-fresh-low-past-95-as-oil-surge-pushes-bond-yields-above-7-markets.md) | -15.3% | -21.9% |
| BRENT | 2026-04-30 | [Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh \| Markets News - Business Standard](https://feedsoft.ai/events/20009-rupee-hits-record-low-analysts-flag-96-97-levels-as-oil-fed-stance-weigh.md) | -15.3% | -21.9% |
| BRENT | 2018-04-30 | [Higher oil prices to divide emerging markets, benefit Malaysia](https://feedsoft.ai/events/65778-higher-oil-prices-to-divide-emerging-markets-benefit-malaysia.md) | -0.2% | +2.0% |
| BRENT | 2018-06-28 | [Rupee may fall beyond 71 a dollar by next year on rising oil: DBS Group \| News on Markets - Business Standard](https://feedsoft.ai/events/64792-rupee-may-fall-beyond-71-a-dollar-by-next-year-on-rising-oil-dbs-group-news-on.md) | +0.7% | -4.0% |

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/emerging-markets-performance-tied-to-oil-price-surge-says-nomura-118042601517_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.