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Palm Oil Advances as Crude Rally Boosts Outlook for Biofuels

Palm Oil Advances as Crude Rally Boosts Outlook for Biofuels
Bloomberg Markets Tuesday 14 July 2026, 04:38 UTC By Kanupriya Kapoor 1 min read
Key Points

Commodities Palm Oil Advances as Crude Rally Boosts Outlook for Biofuels Palm oil climbed for a second day as a surge in crude prices fueled by renewed US-Iran hostilities brightened demand prospects for biofuels. Futures for the vegetable oil rose as much as 1% in Kuala Lumpur, adding to a 0.5% increase in the previous session. Brent oil has gained more than 11% this week, rising above $85 a barrel for the first time in a month, as the US launched fresh strikes on the Islamic Republic and...

Commodities Palm Oil Advances as Crude Rally Boosts Outlook for Biofuels Palm oil climbed for a second day as a surge in crude prices fueled by renewed US-Iran hostilities brightened demand prospects for biofuels. Futures for the vegetable oil rose as much as 1% in Kuala Lumpur, adding to a 0.5% increase in the previous session. Brent oil has gained more than 11% this week, rising above $85 a barrel for the first time in a month, as the US launched fresh strikes on the Islamic Republic and President Donald Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz.
Palm Oil Advances as Crude Rally Boosts Outlook (ORG) Biofuels Palm (ORG) US (LOCATION) Iran (LOCATION) Kuala Lumpur (LOCATION) Brent (PERSON) the Islamic Republic (LOCATION) Donald Trump (PERSON) Iranian (ORG) the Strait of Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →

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