Malaysia a big winner if oil price rally continues

If the current level of oil prices is sustained, fuel prices could rise sharply after the general election is held on May 9 and 2018 CPI inflation could rise above its 2.5% forecast towards the top end of Bank Negara Malaysia

PETALING JAYA: Saudi Arabia, Nigeria, Colombia and Malaysia are the clear-cut winners if the recent oil price rise continues and is more supply-side driven, says Nomura Global Markets Research.

In its emerging markets (EM) insight, it said for the emerging economies, the large net oil importers with weak economic fundamentals would possibly be more impacted by the rally in oil prices than it would benefit large net oil exporters.