# Palm oil rebounds on dip in output, stronger crude oil prices - Markets - Business Recorder

> Malaysian palm oil futures rose 1% to 3,656 ringgit per tonne on Jan 4, ending four sessions of losses. The rise followed a Reuters survey showing lower end-December inventories and firmer crude oil prices linked to Libyan supply disruption and Middle East tensions.

- Date: 2024-01-04 · published 2024-01-04T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/32231-palm-oil-rebounds-on-dip-in-output-stronger-crude-oil-prices-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower stocks and stronger crude make palm more attractive as biodiesel feedstock, which supports prices for feed-chain vegetable oils.

## Read by commodity

- WTI: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40282071

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