These Six Markets Are the Biggest Winners and Losers From Oil’s Rally
- Colombian peso, Russian ruble among potential winners
- Investors see Turkey as potential danger zone if oil rallies
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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 crude prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions. Brent crude 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.