# Crude oil futures hit 11-month low over unrest in China - The HinduBusinessLine

> Indian edible oil prices rose on November 5 as overseas markets showed low demand for light oils and tight supply. Traders say imported sunflower oil and palmolein cost more, and sources urge the government to avoid duty-free import quotas. The article calls for higher domestic oilseed production.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/38802-crude-oil-futures-hit-11-month-low-over-unrest-in-china-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher Indian edible oil import costs support palm and soy oil prices and keep demand for imported oilseed meals firm, with the main driver being tight global vegetable oil supply.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/crude-oil-futures-hit-11-month-low-over-unrest-in-china/article66194481.ece

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