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. 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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"}}}