Bursa Malaysia crude palm oil futures closed higher on Oct 2, 2024, with the spot October contract up 139 ringgit to 4,305 a tonne. Traders linked the gains to escalating Middle East tensions that lifted crude oil prices.
Higher crude raises the biodiesel value of palm oil and pulls vegetable oil prices up with it, supporting palm prices in the near term.
Setelah 62 peristiwa geopolitik bullish sebelumnya, Minyak Sawit bergerak median +2,5% selama 5 sesi (74% lebih tinggi; separuh tengah -0,1% sampai +5,8%), dan +4,0% selama 20 sesi.
Setelah 656 peristiwa geopolitik bullish sebelumnya, Minyak Mentah (Brent) bergerak median +1,9% selama 5 sesi (63% lebih tinggi; separuh tengah -2,7% sampai +6,6%), dan +0,7% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Oct 2 CPO futures gained on Middle East tensions lifting crude, which raises palm's biodiesel-linked value and sentiment.
Oct 2 palm futures rose on escalating Middle East tension and higher crude, reinforcing the energy-driven rally.
Attributes gains to escalating Middle East tensions lifting crude on Oct 2, corroborating the driver, but it is a secondary palm-market report.