Malaysian crude palm oil was steady on Friday, supported by gains in soybean and uncertainty over grains crop harvests...
As per reports and information,Malaysian crude palm oil was steady on Friday, supported by gains in soybean and uncertainty over grains crop harvests due to adverse weather which would slow global vegetable oil supplies.
Oil prices held steady Thursday in Asia after jumping to a record near US$124 a barrel as investors captivated by the market's upward momentum seemed to ignore figures showing an increase in US crude and gasoline supplies.