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Malaysian palm oil rose 3.7% on March 6 to close at MR 4,365 per tonne as crude oil jumped after the Middle East war began. The palm-gasoil (PO-GO) spread narrowed nearly 44% from February 27 to its tightest level in almost two years.
A narrower PO-GO spread improves biodiesel margins and encourages Indonesian production ramp-ups, lifting palm demand and prices. Higher costs and uncertainty could weigh on some biofuel makers.
spglobal.comAditya Kondalamahanty, Samyak PandeyMar 6, 2026After 38 past bullish macro events, PALMOIL moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% over 20.
After 487 past bullish macro events, WTI moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 323 past bullish macro events, BRENT moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Palm rose 3.7% on March 6 as crude jumped after the war began, narrowing the palm-gasoil spread and improving biofuel margins, directly driving the weekly gain.
