Brent falls, US crude rises

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher for the second consecutive day yesterday on renewed buying interest.

A dealer said buyers took advantage on the low CPO price recorded early this week. “Today’s price was the highest for this week,” she said.

July 2011 gained RM41 to RM3,120, August 2011 increased RM53 to RM 3,145, September 2011 rose RM62 to RM3,144 while October 2011 jumped RM50 to RM3,141.

On the physical market, July South rose to RM3,150 per tonne from RM3,100 per tonne previously. – Bernama

Source:  Business Times

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