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Oil close to bottom

CRUDE oil surged above $US30 a barrel temporarily in the biggest relief rally in three months overnight, but it is no indication the bulls have shaken off the bears, although oil certainly has its supporters, with UK-based Sun Global Investments saying this week that it is time for investors to consider snapping up cheap oil stocks.

Haydn Black
Oil close to bottom

Chief investment officer of the self-styled "ideas-centric" wealth management firm, Sanjiv Shah, admits that oil will fall "a little further" in the short term, but he's bullish on oil ending 2016 in the...

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