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9.11909538572944E-05 0 -0.00182381907714757 -0.00136786430786071 -0.000273572861572142 0.000729527630859003 0.000729527630859003 0.000729527630859003
Stock impact report

Asia oil bill to top $1 trillion a year as crude hits $80 [Reuters]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
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Company Research Source: Reuters
Asia oil bill to top $1 trillion a year as crude hits $80 | Reuters 5 Min Read SINGAPORE/MUMBAI/MANILA (Reuters) - The cost of Asia’s growing thirst for oil will surpass $1 trillion this year, about twice as much as in 2015 and 2016, as oil prices touch $80 per barrel and continental demand hits a record. Oil prices have risen nearly 20 percent since January and topped $80 per barrel in intraday trading on Thursday LCOc1 for the first time since 2014. [O/R] With the U.S. dollar .DXY - in which most oil is traded - strengthening, concerns are rising about the size of the hit to economies from higher energy prices, especially in import-reliant Asia. Surging costs could feed inflation and hurt both consumers and companies. “Asia is most vulnerable to an oil price spike,” Canadian investment bank RBC Capital Markets warned in a note this month, after oil prices hit their highest since November 2014. Asia-Pacific consumes more than 35 percent of the 100 million barrels of oil the world use Show less Read more
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