KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange closed higher yesterday on the back of strong performance on the crude oil market due to escalating tension in Iraq.

At close, June 2014 increased RM13 to RM2,403, July 2014 added RM22 to RM2,433, August 2014 advanced RM24 to RM2,427 and September 2014 rose RM25 to RM2,425 per tonne.

Volume increased to 42,111 lots from 26,698 lots on Thursday while open interest advanced to 212,139 contracts from 181,854 contracts previously.

On the physical market, June South added RM20 to RM2,450 per tonne. Bernama

Source: New Straits Times