Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher, tracking gains in the crude oil and soybean oil markets, a trader said.

According to BERNAMA News Agency, at the time of writing, the Brent crude oil price rose 2.04 percent to US$110.05 per barrel. Iceberg X Sdn Bhd proprietary trader David Ng noted that the anticipation of another month of lower stocks is also expected to support the market in the near term. "We see support above RM4,550 a tonne and resistance at RM4,680 a tonne," he told Bernama.

At the close, the May 2026, June 2026, and August 2026 contracts rose RM50 each to RM4,554, RM4,590, and RM4,638 per tonne, respectively. The July 2026 contract increased RM52 to RM4,622 per tonne, September 2026 climbed RM47 to RM4,646 per tonne, and October 2026 added RM42 to RM4,651 per tonne.

Trading volume dropped to 53,253 lots from 84,955 lots last Thursday, while open interest went up to 264,144 contracts from 259,891 contracts previously. The physical CPO price for May South advanced RM50 to RM4,600 per tonne.