Malaysia, Colombia, Nigeria top winners as oil price climbs

  • Economy
  • Friday, 10 Nov 2017

KUALA LUMPUR: Colombia, Malaysia, Nigeria, Russia and Saudi Arabia are the clear-cut winners as crude oil prices staged a strong rebound after hitting a trough of US$44 a barrel in June, says Nomura Global Research.

In its report issued on Friday it said its view of the impact of the oil price rebound was based on the starting positions of each country’s economic fundamentals, scope for policy responses and other idiosyncratic factors in a world of significantly higher oil prices in 2018.

Economy , Oil & Gas