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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