# Fresh Blow for Emerging Markets as Rising Oil Hits Importers - Bloomberg

> Crude oil futures rose above $85 a barrel for the first time since 2014 as concern about shrinking Iranian exports outweighed higher US stockpiles. Emerging-market currencies were hit, with an Asian currency gauge set for its biggest weekly loss in a while.

- Date: 2018-10-03 · published 2018-10-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7667-fresh-blow-for-emerging-markets-as-rising-oil-hits-importers-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher crude raises freight, fertilizer and biofuel-linked costs and pressures oil-importing emerging economies, which weakens their currencies and can dampen feed import demand.

## Read by commodity

- DXY: neutral
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-11-13 | [Latest Oil Market News and Analysis for Nov. 14 - Bloomberg](https://feedsoft.ai/events/22140-latest-oil-market-news-and-analysis-for-nov-14-bloomberg.md) | +2.2% | +0.6% |
| BRENT | 2026-03-26 | [Latest Oil Market News and Analysis for March 27 - Bloomberg](https://feedsoft.ai/events/20344-latest-oil-market-news-and-analysis-for-march-27-bloomberg.md) | +4.1% | +3.3% |
| BRENT | 2024-09-30 | [Latest Oil Market News and Analysis for October 1 - Bloomberg](https://feedsoft.ai/events/28477-latest-oil-market-news-and-analysis-for-october-1-bloomberg.md) | +9.6% | +5.6% |
| BRENT | 2025-06-12 | [Latest Oil Market News and Analysis for June 13 - Bloomberg](https://feedsoft.ai/events/11152-latest-oil-market-news-and-analysis-for-june-13-bloomberg.md) | +9.9% | +0.8% |
| BRENT | 2019-04-21 | [Oil Leaps to 6-Month High as U.S. Vows to Strangle Iran Exports - Bloomberg](https://feedsoft.ai/events/9607-oil-leaps-to-6-month-high-as-u-s-vows-to-strangle-iran-exports-bloomberg.md) | +0.4% | +2.4% |
| WTI | 2025-11-13 | [Latest Oil Market News and Analysis for Nov. 14 - Bloomberg](https://feedsoft.ai/events/22140-latest-oil-market-news-and-analysis-for-nov-14-bloomberg.md) | +1.6% | -2.2% |
| WTI | 2026-03-26 | [Latest Oil Market News and Analysis for March 27 - Bloomberg](https://feedsoft.ai/events/20344-latest-oil-market-news-and-analysis-for-march-27-bloomberg.md) | +11.2% | +7.7% |
| WTI | 2024-09-30 | [Latest Oil Market News and Analysis for October 1 - Bloomberg](https://feedsoft.ai/events/28477-latest-oil-market-news-and-analysis-for-october-1-bloomberg.md) | +9.1% | +5.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-10-03/emerging-markets-suffer-fresh-blow-as-rising-oil-hits-importers

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