Brent Crude Extends Gains

KUALA LUMPUR: The weak export numbers and US Federal Reserve chairman Ben Bernanke’s statement on keeping interest rates low sent the crude palm oil futures on Bursa Malaysia Derivatives to close lower yesterday dealers said.

February 2012 and March 2012 each dipped RM34 to RM3,138 a tonne and RM3,137 a tonne, respectively, April 2012 decreased by RM38 to RM3,131 a tonne and May 2012 fell RM32 to RM3,126 a tonne.

Volume declined to 9,267 lots, from Thursday’s 13,053 lots, while open interest dropped to 107,172 contracts compared with Wednesday’s 109,854 contracts.

On the physical market, February South eased RM30 to RM3,160 a tonne. Bernama

Source: Business Times

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