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Credit Suisse PB downgrades commodities to neutral

Credit Suisse Private Banking has downgraded commodities to neutral as the bank sees limited upside for crude oil. “As we enter the refinery maintenance season, inventory improvements are likely to pause,” the bank said in its latest investment note. Commodities posted a strong third quarter, with Brent oil and WTI oil gaining 20% and 12%, respectively, thanks in part to…

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