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Pimco says worst of commo crunch over

Oil to gain over next 12 months but prices are set to remain lower for longer because of excess inventories, it adds

HEAVY METAL: A completed automobile catalytic converter emission control device being moved. Platinum this month touched the weakest in almost seven years.


THE worst of the collapse in commodities prices is probably over, with oil poised to gain over the next 12 months, according to Pacific Investment Management Co. Just don't expect a major rebound.

Producers are shelving projects and scaling back output from Arctic