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New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/these-six-markets-are-the-biggest-winners-and-losers-from-oils-rally

These Six Markets Are the Biggest Winners and Losers From Oil’s Rally

© Bloomberg. The silhouette of an electric oil pump jack is seen at dusk in the oil fields surrounding Midland, Texas, U.S., on Tuesday, Nov. 7, 2017. Nationwide gross oil refinery inputs will rise above 17 million barrels a day before the year ends, according to Energy Aspects, even amid a busy maintenance season and interruptions at plants in the U.S. Gulf of Mexico that were clobbered by Hurricane Harvey in the third quarter. Photographer: Luke Sharrett/Bloomberg

(Bloomberg) — Emerging markets got a lift from the Federal Reserve, Donald Trump and Xi Jinping to start the year. Oil may be the next saving grace.

Investors say a potential uptick in prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions. gained as much as 3.5 percent on Monday and was close to reaching $75 a barrel on Tuesday for the first time since October.

While there’s no guarantee the gains will last, emerging-market assets have historically benefited from climbing oil prices. MSCI’s EM currency index produced double-digit returns during the three biggest oil rallies this century.

Here are the six emerging markets with the biggest correlations, positive and negative, to crude prices.

Russia

The Russian soared a world-leading 21 percent during the last big oil rally from February 2016 to October 2018. The world’s largest producer has seen investors snap up its local-currency debt in a string of record debt sales as the prospect of looser central bank policy later in the year juices interest.

Colombia

Colombia’s has also attracted interest. JPMorgan Chase & Co (NYSE:). analysts called it one of the cheapest emerging-market currencies earlier this month, while hedge fund manager Said Haidar counts it among his top picks.

Brazil

The Brazilian is a trickier wager as the ups and downs of the nation’s planned pension overhaul could offset any other driver, at least in the short term. One upshot from a recent dose of bad news is that the currency has become cheap, according to Morgan Stanley (NYSE:).

Turkey

Turkey, an oil importer, has often lagged behind developing-nation peers when prices for the commodity rise. The country is also more reliant on Iranian crude than any other nation. That makes the a potential weak link, according to Frances Hudson, a global strategist in Edinburgh at Aberdeen Standard Investments.

India

The Indian is the most negatively correlated emerging-market currency to crude over the past five years. Oil is the biggest import item for the Asian nation, which posted trade deficits every month since 2002. In the short term though, sentiment toward India, the world’s third-largest oil importer, is likely to be driven more by next month’s election results.

Philippines

Putting aside Argentina and Turkey, the biggest losers in the recent selloff, the Philippine peso suffered the most during the last oil rally. Things may be different this time around given the more supportive domestic backdrop, according to Sally Greig, a money manager at Baillie Gifford & Co. in Edinburgh.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/these-six-markets-are-the-biggest-winners-and-losers-from-oils-rally

These Six Markets Are the Biggest Winners and Losers From Oil’s Rally

© Bloomberg. The silhouette of an electric oil pump jack is seen at dusk in the oil fields surrounding Midland, Texas, U.S., on Tuesday, Nov. 7, 2017. Nationwide gross oil refinery inputs will rise above 17 million barrels a day before the year ends, according to Energy Aspects, even amid a busy maintenance season and interruptions at plants in the U.S. Gulf of Mexico that were clobbered by Hurricane Harvey in the third quarter. Photographer: Luke Sharrett/Bloomberg

(Bloomberg) — Emerging markets got a lift from the Federal Reserve, Donald Trump and Xi Jinping to start the year. Oil may be the next saving grace.

Investors say a potential uptick in prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions. gained as much as 3.5 percent on Monday and was close to reaching $75 a barrel on Tuesday for the first time since October.

While there’s no guarantee the gains will last, emerging-market assets have historically benefited from climbing oil prices. MSCI’s EM currency index produced double-digit returns during the three biggest oil rallies this century.

Here are the six emerging markets with the biggest correlations, positive and negative, to crude prices.

Russia

The Russian soared a world-leading 21 percent during the last big oil rally from February 2016 to October 2018. The world’s largest producer has seen investors snap up its local-currency debt in a string of record debt sales as the prospect of looser central bank policy later in the year juices interest.

Colombia

Colombia’s has also attracted interest. JPMorgan Chase & Co (NYSE:). analysts called it one of the cheapest emerging-market currencies earlier this month, while hedge fund manager Said Haidar counts it among his top picks.

Brazil

The Brazilian is a trickier wager as the ups and downs of the nation’s planned pension overhaul could offset any other driver, at least in the short term. One upshot from a recent dose of bad news is that the currency has become cheap, according to Morgan Stanley (NYSE:).

Turkey

Turkey, an oil importer, has often lagged behind developing-nation peers when prices for the commodity rise. The country is also more reliant on Iranian crude than any other nation. That makes the a potential weak link, according to Frances Hudson, a global strategist in Edinburgh at Aberdeen Standard Investments.

India

The Indian is the most negatively correlated emerging-market currency to crude over the past five years. Oil is the biggest import item for the Asian nation, which posted trade deficits every month since 2002. In the short term though, sentiment toward India, the world’s third-largest oil importer, is likely to be driven more by next month’s election results.

Philippines

Putting aside Argentina and Turkey, the biggest losers in the recent selloff, the Philippine peso suffered the most during the last oil rally. Things may be different this time around given the more supportive domestic backdrop, according to Sally Greig, a money manager at Baillie Gifford & Co. in Edinburgh.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/these-six-markets-are-the-biggest-winners-and-losers-from-oils-rally

These Six Markets Are the Biggest Winners and Losers From Oil’s Rally

© Bloomberg. The silhouette of an electric oil pump jack is seen at dusk in the oil fields surrounding Midland, Texas, U.S., on Tuesday, Nov. 7, 2017. Nationwide gross oil refinery inputs will rise above 17 million barrels a day before the year ends, according to Energy Aspects, even amid a busy maintenance season and interruptions at plants in the U.S. Gulf of Mexico that were clobbered by Hurricane Harvey in the third quarter. Photographer: Luke Sharrett/Bloomberg

(Bloomberg) — Emerging markets got a lift from the Federal Reserve, Donald Trump and Xi Jinping to start the year. Oil may be the next saving grace.

Investors say a potential uptick in prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions. gained as much as 3.5 percent on Monday and was close to reaching $75 a barrel on Tuesday for the first time since October.

While there’s no guarantee the gains will last, emerging-market assets have historically benefited from climbing oil prices. MSCI’s EM currency index produced double-digit returns during the three biggest oil rallies this century.

Here are the six emerging markets with the biggest correlations, positive and negative, to crude prices.

Russia

The Russian soared a world-leading 21 percent during the last big oil rally from February 2016 to October 2018. The world’s largest producer has seen investors snap up its local-currency debt in a string of record debt sales as the prospect of looser central bank policy later in the year juices interest.

Colombia

Colombia’s has also attracted interest. JPMorgan Chase & Co (NYSE:). analysts called it one of the cheapest emerging-market currencies earlier this month, while hedge fund manager Said Haidar counts it among his top picks.

Brazil

The Brazilian is a trickier wager as the ups and downs of the nation’s planned pension overhaul could offset any other driver, at least in the short term. One upshot from a recent dose of bad news is that the currency has become cheap, according to Morgan Stanley (NYSE:).

Turkey

Turkey, an oil importer, has often lagged behind developing-nation peers when prices for the commodity rise. The country is also more reliant on Iranian crude than any other nation. That makes the a potential weak link, according to Frances Hudson, a global strategist in Edinburgh at Aberdeen Standard Investments.

India

The Indian is the most negatively correlated emerging-market currency to crude over the past five years. Oil is the biggest import item for the Asian nation, which posted trade deficits every month since 2002. In the short term though, sentiment toward India, the world’s third-largest oil importer, is likely to be driven more by next month’s election results.

Philippines

Putting aside Argentina and Turkey, the biggest losers in the recent selloff, the Philippine peso suffered the most during the last oil rally. Things may be different this time around given the more supportive domestic backdrop, according to Sally Greig, a money manager at Baillie Gifford & Co. in Edinburgh.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/these-six-markets-are-the-biggest-winners-and-losers-from-oils-rally

These Six Markets Are the Biggest Winners and Losers From Oil’s Rally

© Bloomberg. The silhouette of an electric oil pump jack is seen at dusk in the oil fields surrounding Midland, Texas, U.S., on Tuesday, Nov. 7, 2017. Nationwide gross oil refinery inputs will rise above 17 million barrels a day before the year ends, according to Energy Aspects, even amid a busy maintenance season and interruptions at plants in the U.S. Gulf of Mexico that were clobbered by Hurricane Harvey in the third quarter. Photographer: Luke Sharrett/Bloomberg

(Bloomberg) — Emerging markets got a lift from the Federal Reserve, Donald Trump and Xi Jinping to start the year. Oil may be the next saving grace.

Investors say a potential uptick in prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions. gained as much as 3.5 percent on Monday and was close to reaching $75 a barrel on Tuesday for the first time since October.

While there’s no guarantee the gains will last, emerging-market assets have historically benefited from climbing oil prices. MSCI’s EM currency index produced double-digit returns during the three biggest oil rallies this century.

Here are the six emerging markets with the biggest correlations, positive and negative, to crude prices.

Russia

The Russian soared a world-leading 21 percent during the last big oil rally from February 2016 to October 2018. The world’s largest producer has seen investors snap up its local-currency debt in a string of record debt sales as the prospect of looser central bank policy later in the year juices interest.

Colombia

Colombia’s has also attracted interest. JPMorgan Chase & Co (NYSE:). analysts called it one of the cheapest emerging-market currencies earlier this month, while hedge fund manager Said Haidar counts it among his top picks.

Brazil

The Brazilian is a trickier wager as the ups and downs of the nation’s planned pension overhaul could offset any other driver, at least in the short term. One upshot from a recent dose of bad news is that the currency has become cheap, according to Morgan Stanley (NYSE:).

Turkey

Turkey, an oil importer, has often lagged behind developing-nation peers when prices for the commodity rise. The country is also more reliant on Iranian crude than any other nation. That makes the a potential weak link, according to Frances Hudson, a global strategist in Edinburgh at Aberdeen Standard Investments.

India

The Indian is the most negatively correlated emerging-market currency to crude over the past five years. Oil is the biggest import item for the Asian nation, which posted trade deficits every month since 2002. In the short term though, sentiment toward India, the world’s third-largest oil importer, is likely to be driven more by next month’s election results.

Philippines

Putting aside Argentina and Turkey, the biggest losers in the recent selloff, the Philippine peso suffered the most during the last oil rally. Things may be different this time around given the more supportive domestic backdrop, according to Sally Greig, a money manager at Baillie Gifford & Co. in Edinburgh.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/these-six-markets-are-the-biggest-winners-and-losers-from-oils-rally

These Six Markets Are the Biggest Winners and Losers From Oil’s Rally

© Bloomberg. The silhouette of an electric oil pump jack is seen at dusk in the oil fields surrounding Midland, Texas, U.S., on Tuesday, Nov. 7, 2017. Nationwide gross oil refinery inputs will rise above 17 million barrels a day before the year ends, according to Energy Aspects, even amid a busy maintenance season and interruptions at plants in the U.S. Gulf of Mexico that were clobbered by Hurricane Harvey in the third quarter. Photographer: Luke Sharrett/Bloomberg

(Bloomberg) — Emerging markets got a lift from the Federal Reserve, Donald Trump and Xi Jinping to start the year. Oil may be the next saving grace.

Investors say a potential uptick in prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions. gained as much as 3.5 percent on Monday and was close to reaching $75 a barrel on Tuesday for the first time since October.

While there’s no guarantee the gains will last, emerging-market assets have historically benefited from climbing oil prices. MSCI’s EM currency index produced double-digit returns during the three biggest oil rallies this century.

Here are the six emerging markets with the biggest correlations, positive and negative, to crude prices.

Russia

The Russian soared a world-leading 21 percent during the last big oil rally from February 2016 to October 2018. The world’s largest producer has seen investors snap up its local-currency debt in a string of record debt sales as the prospect of looser central bank policy later in the year juices interest.

Colombia

Colombia’s has also attracted interest. JPMorgan Chase & Co (NYSE:). analysts called it one of the cheapest emerging-market currencies earlier this month, while hedge fund manager Said Haidar counts it among his top picks.

Brazil

The Brazilian is a trickier wager as the ups and downs of the nation’s planned pension overhaul could offset any other driver, at least in the short term. One upshot from a recent dose of bad news is that the currency has become cheap, according to Morgan Stanley (NYSE:).

Turkey

Turkey, an oil importer, has often lagged behind developing-nation peers when prices for the commodity rise. The country is also more reliant on Iranian crude than any other nation. That makes the a potential weak link, according to Frances Hudson, a global strategist in Edinburgh at Aberdeen Standard Investments.

India

The Indian is the most negatively correlated emerging-market currency to crude over the past five years. Oil is the biggest import item for the Asian nation, which posted trade deficits every month since 2002. In the short term though, sentiment toward India, the world’s third-largest oil importer, is likely to be driven more by next month’s election results.

Philippines

Putting aside Argentina and Turkey, the biggest losers in the recent selloff, the Philippine peso suffered the most during the last oil rally. Things may be different this time around given the more supportive domestic backdrop, according to Sally Greig, a money manager at Baillie Gifford & Co. in Edinburgh.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/these-six-markets-are-the-biggest-winners-and-losers-from-oils-rally

These Six Markets Are the Biggest Winners and Losers From Oil’s Rally

© Bloomberg. The silhouette of an electric oil pump jack is seen at dusk in the oil fields surrounding Midland, Texas, U.S., on Tuesday, Nov. 7, 2017. Nationwide gross oil refinery inputs will rise above 17 million barrels a day before the year ends, according to Energy Aspects, even amid a busy maintenance season and interruptions at plants in the U.S. Gulf of Mexico that were clobbered by Hurricane Harvey in the third quarter. Photographer: Luke Sharrett/Bloomberg

(Bloomberg) — Emerging markets got a lift from the Federal Reserve, Donald Trump and Xi Jinping to start the year. Oil may be the next saving grace.

Investors say a potential uptick in prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions. gained as much as 3.5 percent on Monday and was close to reaching $75 a barrel on Tuesday for the first time since October.

While there’s no guarantee the gains will last, emerging-market assets have historically benefited from climbing oil prices. MSCI’s EM currency index produced double-digit returns during the three biggest oil rallies this century.

Here are the six emerging markets with the biggest correlations, positive and negative, to crude prices.

Russia

The Russian soared a world-leading 21 percent during the last big oil rally from February 2016 to October 2018. The world’s largest producer has seen investors snap up its local-currency debt in a string of record debt sales as the prospect of looser central bank policy later in the year juices interest.

Colombia

Colombia’s has also attracted interest. JPMorgan Chase & Co (NYSE:). analysts called it one of the cheapest emerging-market currencies earlier this month, while hedge fund manager Said Haidar counts it among his top picks.

Brazil

The Brazilian is a trickier wager as the ups and downs of the nation’s planned pension overhaul could offset any other driver, at least in the short term. One upshot from a recent dose of bad news is that the currency has become cheap, according to Morgan Stanley (NYSE:).

Turkey

Turkey, an oil importer, has often lagged behind developing-nation peers when prices for the commodity rise. The country is also more reliant on Iranian crude than any other nation. That makes the a potential weak link, according to Frances Hudson, a global strategist in Edinburgh at Aberdeen Standard Investments.

India

The Indian is the most negatively correlated emerging-market currency to crude over the past five years. Oil is the biggest import item for the Asian nation, which posted trade deficits every month since 2002. In the short term though, sentiment toward India, the world’s third-largest oil importer, is likely to be driven more by next month’s election results.

Philippines

Putting aside Argentina and Turkey, the biggest losers in the recent selloff, the Philippine peso suffered the most during the last oil rally. Things may be different this time around given the more supportive domestic backdrop, according to Sally Greig, a money manager at Baillie Gifford & Co. in Edinburgh.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/rfM9Dw

Oil's positive aspects evaporate as merchants await consequence of OPEC assembly

© Reuters. Oil pares gains as traders await OPEC meeting

Investing.com – Oil prices erased during European hours on Monday, amid concerns that the among major oil producers may not yield any action to reduce the global glut.

On the ICE Futures Exchange in London, for December delivery shed 15 cents, or 0.3%, to $ 46.33 a barrel by 4:35AM ET (08:35GMT), after rising more than 1% to touch a session high of $ 46.97.

, London-traded Brent futures sank $ 1.73, or 3.59%, amid signs Saudi Arabia and Iran were making little progress in achieving preliminary agreement to freeze production.

Market players awaited the outcome of the Organization of Petroleum Exporting Countries get-together on Wednesday to see whether a deal can be reached to limit production.

OPEC members, led by Saudi Arabia and other big Middle East crude exporters, such as Iran and Iraq, will meet non-OPEC producer Russia at informal talks on the sidelines of an energy conference in Algeria from Monday through Wednesday.

According to market experts, chances that the meeting would yield any action to reduce the global glut appeared minimal. Instead, most believe that oil producers will continue to monitor the market and possibly postpone freeze talks to the official OPEC meeting in Vienna on November 30.

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran’s refusal to take part of the initiative, underscoring the difficulty for political rivals to forge consensus.

Elsewhere, for November delivery on the New York Mercantile Exchange rose 1% to a daily peak of $ 44.95 a barrel, before giving back most of its gains to trade at $ 44.55, up 7 cents, or 0.16%.

Market players continued to focus on U.S. drilling prospects, amid indications of a recent recovery in drilling activity. Oilfield services provider Baker Hughes said late Friday that the number of rigs drilling for oil in the U.S. last week , marking the 12th increase in 13 weeks.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.