Pimco Calls Worst of Commodity Crunch Over With Oil Seen Gaining

Updated on
  • Collapse in energy, metals prices is `largely behind us'
  • Investor sees oil `baseline' near $60 a barrel in 12 months

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.

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