Ringgit closes lower on volatile oil prices

Not enough comparable past events yet for a historical read.

After 38 past bullish macro events, Palm Oil moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% over 20.

• Feb 28, 2018Palm oil rises to seven-week top on weaker ringgit | The Star-0.9%
• Apr 30, 2026Ringgit closes softer against major currencies on oil volatility, US Fed stance | Malay Mail+0.5%
• Dec 5, 2016The good oil on grain prices… - Grain Central+0.8%
• Jan 2, 2022Palm oil prices to stay high as fertiliser costs limit output, says CPOPC | The Star+5.7%
• Feb 18, 2022Ringgit opens higher against US dollar on steady commodity prices+2.8%

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Apr 30, 2026Ringgit closes softer against major currencies on oil volatility, US Fed stance | Malay Mail-10.8%
• Jan 9, 2017Oil Prices: What to Make of the Volatility-3.0%
• Dec 5, 2016The good oil on grain prices… - Grain Central-0.4%
• Jan 14, 2019The Week Ahead: Will the ringgit and oil prices continue to do well this week? | KLSE Screener+4.2%
• Mar 8, 2022Specter of stagflation looms due to soaring oil prices, weakening won - The Korea Times-13.5%