Home / oil price / Palm Oil products rose 7-8.9 percent in the first half of May

Palm Oil products rose 7-8.9 percent in the first half of May

Brent crude oil rose 3.7% in sterling terms over the week to 11 May, according to our exclusive Accumulator table (link below).
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The commodity’s rally helped emerging markets.
Oil enjoyed a strong week, buoyed by a report that showed US stocks of crude were lower than expected.
The MSCI Emerging Markets index rose by 2.4%.

as informed in

Malaysian palm oil price registers sharpest daily gain in a week – Business News

Malaysian palm

KUALA LUMPUR: Malaysian palm oil futures registered the sharpest daily gains in a week, lifted 1.3 percent on Wednesday evening by strong local and overseas demand.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange reached 2,643 ringgit ($611.66) a tonne by the close.
Rising production is expected to weigh on palm oil prices, which have already fallen from five-year highs at the start of the year.
Malaysian shipments of palm oil products rose 7-8.9 percent in the first half of May compared with the same period last month, cargo surveyor data showed.
Another trader said that local demand added to the stronger take-up of palm oil but that the market overall lacked strong direction.

as informed in

Global crude oil price of Indian basket was USD 50.78 per barrel on today’s trade

oil price

RsParticulars Unit Price on May 17, 2017 Pricing fortnight for 16.05.2017(April 27 to May 11, 2017) Crude Oil (Indian Basket) ($/bbl) 50.78 49.22 (Rs/bbl) 3251.16 3162.88 Exchange Rate (Rs/$) 64.02 64.26The international crude oil price of Indian basket as published on Thursday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was USD 50.78 per barrel (bbl) on Wednesday.This was lower than the price of USD 51.12 per bbl on previous publishing day of Tuesday.In rupee terms, the price of Indian basket decreased to Rs.
64.08 per USD on 16.05.2017.The table below gives details in this regard:
3251.16 per barrel on Wednesday as compared to Rs.
64.02 per USD on Wednesday as compared to Rs.
3275.80 per barrel on Tuesday.Rupee closed stronger at.

 

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