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Commodities slump set to continue

Prices are unlikely to rebound amid excess supplies, says Goldman Sachs, while Morgan Stanley sees oil dropping to as low as US$35 a barrel

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Even with commodities mired in the worst slump in a generation, Goldman Sachs Group Inc, Morgan Stanley and Citigroup Inc are warning bulls that prices may stay lower for years.

New York

EVEN with commodities mired in the worst slump in a generation, Goldman Sachs Group Inc, Morgan Stanley and Citigroup Inc are warning bulls that prices may stay lower for years.

Crude oil and copper are unlikely to rebound because of excess supplies, Goldman predicts, and

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