# Palm Oil Prices Rise As Crude Oil Gains - Finimize

> Malaysian palm oil futures rose 0.85% after a holiday, supported by firmer rival edible oils, a weaker ringgit and higher crude oil prices. Crude rose about 2% after reported fresh US strikes on an Iranian military site. European Commission data showed lower year-to-date import totals for soybean and palm oils.

- Date: 2026-05-28 · published 2026-05-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/19380-palm-oil-prices-rise-as-crude-oil-gains-finimize
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude raises biodiesel margins, which can lift demand for vegetable oil feedstocks like palm oil. A weaker ringgit makes Malaysian palm oil cheaper for overseas buyers, though softer EU import data limits the upside.

## Read by commodity

- WTI: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +6.0% | +11.5% |
| PALMOIL | 2021-03-08 | [VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters](https://feedsoft.ai/events/6562-vegoils-palm-oil-rises-nearly-4-to-two-month-high-as-crude-soyoil-rally-by.md) | +6.6% | -1.7% |
| PALMOIL | 2022-01-02 | [Palm oil prices to stay high as fertiliser costs limit output, says CPOPC \| The Star](https://feedsoft.ai/events/43231-palm-oil-prices-to-stay-high-as-fertiliser-costs-limit-output-says-cpopc-the.md) | +5.7% | +12.1% |
| PALMOIL | 2016-12-05 | [The good oil on grain prices… - Grain Central](https://feedsoft.ai/events/73542-the-good-oil-on-grain-prices-grain-central.md) | +0.8% | +1.9% |
| PALMOIL | 2021-02-15 | [VEGOILS-Palm reverses losses, up 2% on crude oil jump By Reuters](https://feedsoft.ai/events/48725-vegoils-palm-reverses-losses-up-2-on-crude-oil-jump-by-reuters.md) | +3.3% | +14.7% |
| WTI | 2024-01-30 | [Crude oil prices today: WTI, Brent rise after IMF forecast](https://feedsoft.ai/events/32274-crude-oil-prices-today-wti-brent-rise-after-imf-forecast.md) | -5.2% | +3.1% |
| WTI | 2024-01-26 | [Crude oil prices today: WTI, Brent on pace for weekly gain](https://feedsoft.ai/events/32275-crude-oil-prices-today-wti-brent-on-pace-for-weekly-gain.md) | -4.6% | -0.6% |
| WTI | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.6% | +5.8% |

## Sources

- finimize.com: https://finimize.com/content/palm-oil-prices-rise-as-crude-oil-gains

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.