Brent Crude Rises Above US$111

KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed mixed yesterday, dealers said.

The dealers also said the market was quiet due to the fear of slowing demand, an absence of fresh leads to spur interest and most traders still off-market, due to the Chinese New Year holiday.

February 2012 fell RM1 to RM3,137 a tonne and March 2012 lost RM1 to RM3,136.

April 2012 added RM4 to RM3,135 per tonne while May 2012 was flat at RM3,126.

Volume increased to 17,861 lots from 9,267 lots yesterday while open interest advanced to 108,690 from 107,172 contracts.

On the physical market, February South was unchanged at RM3,160. Bernama

Source: Business Times

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