Palm Oil Ended Higher, Tracking Higher Crude Oil Prices -- Market Talk

Dow Jones

03/05

1040 GMT - Palm oil ended higher, tracking higher crude oil prices amid escalating tensions in the Middle East, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. The effective closure of the Strait of Hormuz continues to support oil prices. Ng sees prices of crude palm oil supported at 4,150 ringgit a ton and resistance at 4,300 ringgit a ton. The Bursa Malaysia Derivatives contract for May delivery rose 26 ringit to 4,205 ringgit a ton. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

March 05, 2026 05:40 ET (10:40 GMT)

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The effective closure of the Strait of Hormuz continues to support oil prices. Ng sees prices of crude palm oil supported at 4,150 ringgit a ton and resistance at 4,300 ringgit a ton. The Bursa Malaysia Derivatives contract for May delivery rose 26 ringit to 4,205 ringgit a ton. 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The effective closure of the Strait of Hormuz continues to support oil prices. Ng sees prices of crude palm oil supported at 4,150 ringgit a ton and resistance at 4,300 ringgit a ton. The Bursa Malaysia Derivatives contract for May delivery rose 26 ringit to 4,205 ringgit a ton. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2026 05:40 ET (10:40 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4570","symbol_name":"地缘局势概念股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2617886545","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2617886545","pubTimestamp":1772707200,"columns":[{"name":"原油","id":4,"label_key":null}],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1040 GMT - Palm oil ended higher, tracking higher crude oil prices amid escalating tensions in the Middle East, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. The effective closure of the Strait of Hormuz continues to support oil prices. Ng sees prices of crude palm oil supported at 4,150 ringgit a ton and resistance at 4,300 ringgit a ton. The Bursa Malaysia Derivatives contract for May delivery rose 26 ringit to 4,205 ringgit a ton. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4570":"地缘局势概念股","DUG":"二倍做空石油与天然气ETF(ProShares)","SCO":"二倍做空彭博原油指数ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"棕榈油收高，跟随原油价格走高--市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DUG":0.89,"SCO":0.6},"content_text":"1040 GMT - Palm oil ended higher, tracking higher crude oil prices amid escalating tensions in the Middle East, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. The effective closure of the Strait of Hormuz continues to support oil prices. Ng sees prices of crude palm oil supported at 4,150 ringgit a ton and resistance at 4,300 ringgit a ton. The Bursa Malaysia Derivatives contract for May delivery rose 26 ringit to 4,205 ringgit a ton. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2026 05:40 ET (10:40 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}