Oil Splits Markets in Kazakh to Nigerian Rout: Chart of the Day
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The gloomiest outlook for oil in 20 months is reflected in the stocks of the world’s biggest crude exporters.
The CHART OF THE DAY shows shares in Nigeria, Africa’s largest oil exporter, have tumbled 21 percent this quarter, the worst retreat globally after war-torn Ukraine, while Kazakhstan, Dubai and Saudi Arabia are among the bottom 10 performers of 93 markets monitored by Bloomberg. By contrast, importers China, India and Turkey have rallied.