Citi calls for caution over benefits from oil price collapse

Singapore

WHILE the dramatic collapse in oil prices should have an overall stimulus on the global economy - and in particular on Asia - that comes alongside risk from concentrated stress on the oil sector, senior executives from Citi Private Bank said on Wednesday.

"I don't dispute the math, particularly for oil importing countries. And as a region, with the exception of Malaysia, Asia is really well-positioned compared to other emerging markets," said Steven Wieting, global chief investment strategist at Citi Private Bank, at a media briefing.