The Week In Numbers: How Low Can Oil Go?

The price of a barrel oil briefly dipped below US$30 for the first time since 2004. But frayed nerves were soothed when the priced popped back above the psychologically-jittery level.

However, there could be more bad news on the way as analysts try to outdo each other in making the lowest call. Standard Chartered, which is predicting oil at US$10 a barrel, has joined Goldman Sachs, Royal Bank of Scotland and Morgan Stanley in making bearish noises.

One of America’s biggest banks, JP Morgan Chase, reported better-than-expected quarterly results. The bank said net income in the last three months of 2015 rose 10% to US$5.4 billion.

Chief executive Jamie Dimon said “The business generated strong loan growth and credit quality, except for some stress in energy.” Only some stress? The banks results could have an interesting read across for DBS Group (SGX: D05), United Overseas Bank (SGX: U11) and Oversea-Chinese Banking Corporation (SGX: O39).

Mark the year “2020” in your diaries. According to Khazanah Nasional, Malaysia Airlines’ five-year recovery plan is on track. The sovereign wealth fund said the recovery and right-sizing of the airline has not been easy. But it hopes to relist Malaysia’s flagship airline by 2020, if all goes well.

Spare a thought for homeowners in Singapore. According to the Association of Banks in the Garden City, the three-month Singapore Interbank Offered Rate (Sibor) has crept above 1.25% for the first time in seven years. Sibor stood at 1.185% at the end of last year. It is now 1.252%.

And finally, at least three people will share the US$1.6 billion Powerball Lottery. The lucky winners could be from California, Tennessee and Florida. The winning numbers were 4, 8, 19, 27, 34 and the Powerball was 10. And the odds of picking the correct six numbers are 1 in 292,201,338.

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