CPO Futures End Higher, Track Crude Oil Gains

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, April 2 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Thursday, tracking gains in the crude oil market, a trader said.

At the time of writing, Brent crude rose 8.19 per cent to US$109.29 per barrel.

Iceberg X Sdn Bhd proprietary trader David Ng said expectations of lower inventories in the coming weeks also lifted market sentiment.

“We see prices supported above RM4,750, with resistance at RM4,900,” he told Bernama.

At the close, the April 2026 and May 2026 contracts gained RM20 each to RM4,685 and RM4,753 per tonne, respectively, while June 2026 rose RM22 to RM4,791.

July 2026 and September 2026 contracts advanced RM26 each to RM4,796 and RM4,737 per tonne, respectively, while the August 2026 contract climbed RM29 to RM4,774.

Trading volume, however, fell to 80,412 lots from 172,873 on Wednesday, while open interest declined to 249,183 contracts from 252,970.

The physical CPO price for April South rose RM30 to RM4,750 per tonne.

-- BERNAMA