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Palm oil gains for third session, tracking crude and Dalian
JAKARTA: Malaysian palm oil futures closed higher for a third straight session on Wednesday, buoyed by stronger crude oil prices and gains in rival edible oils on the Dalian market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 17 ringgit, or 0.36%, to 4,699 ringgit ($1,151.72) a metric ton at the close. “The FCPO is tracking Dalian performance and crude oil prices today,” a Kuala Lumpur-based trader said. Oil prices edged higher on Wednesday after an attack on the headquarters of Saudi Arabia’s state-owned oil company, while Iranian of...
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