Oil Rebound Has Citigroup Seeing Worst Over for Commodities

Updated on
  • Market hit bottom earlier this year after China equity selloff
  • Brent oil forecast to climb to $50 in third quarter: Citigroup

How Sustainable Is the Oil Rally?

The commodities market has turned a corner and prices are unlikely to return to lows seen in the first quarter, according to Citigroup Inc., which boosted forecasts from metals to grains amid an oil-led recovery.

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