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Follow on Google News | Worldwide Business-‘Sun Worldwide’ – (Ignoring Demand Destruction Story)…‘Sun Worldwide’: Oil prices may exceed $100 by year end.
By: Brad Cullen One of the ‘Sun Worldwide’ sources opined that, in stark contrast to the US and the UK, stimulus packages in China were actually feeding through to the economy. He cited a huge jump in bank lending to Chinese consumers and businesses, a feat which had so far eluded their counterparts in Western economies. This, suggested the ‘Sun Worldwide’ source, meant that increased domestic demand would see less reliance upon the export sector which was so instrumental in China’s rapid economic growth in the previous decade. ‘Sun Worldwide’ recently reiterated its advice to buy oil exploration and producer stocks on market pullbacks with a view to holding for long-term gains. End
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