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Commodities Rebound Amid Oil Gains and Easing China Concerns

Commodities rebounded as easing concerns over cash-strapped real estate giant China Evergrande Group and a surprise draw in U.S. crude inventories helped fuel a buying spree.

The Bloomberg Commodity Index, which tracks 23 raw materials, rose 1.4% on Wednesday, snapping a four-day streak of declines. Oil and gasoline futures gained the most in a week, while copper surged with most other base metals and agricultural markets from corn to sugar saw widespread gains.